Alibaba continues investment in new technology
After e-commerce, the Chinese group Alibaba moves to revolutionise, disrupt and rule mass manufacturing. Nothing less! Alibaba Holding Group (turnover for the financial year ending in March 2020 at nearly US$72 billion, a rise of 35%) is investing in the automation of manufacturing processes and the robotisation of a supply chain. The e-commerce giant has just unveiled its “New Manufacturing” factory, baptised Xunxi Digital Factory, in line with the “Five New” strategy defined by founder Jack Ma in 2016: new retail, new technology, new manufacturing, new energy and new finance. In Hangzhou (China) and powered by Alibaba’s Cloud and IoT infrastructure, the factory provides SMEs with an end-to-end digital manufacturing supply chain, enabling a fully customised, demand-driven production.