Simon Hu, president of Alibaba Cloud, speaks at an event in Shenzhen.
Alibaba bets on connected devices as pillar for growth
Worldwide spending on the Internet of Things, which refers to the network of connected devices from smart speakers to connected cars, is forecast to hit US$772.5 billion in 2018, according to an IDC report
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Alibaba
Simon Hu, president of Alibaba Cloud, speaks at an event in Shenzhen.