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Chinese e-commerce giant Alibaba to invest USD 1.4 billion to build ecosystem around its Tmall Genie smart speaker

Despite a sharp drop in first-quarter sales because of the coronavirus pandemic, smart speaker shipments in China are projected to grow 9.8% in 2020.

2 mins read
  • The firm’s value has risen more than a third within two years.

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    CHINA BRIEF | ByteDance’s market capitalization hits between USD 100 billion and USD 140 billion

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