Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout
Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout

Chinese e-commerce giant Alibaba to invest US$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 per cent in 2020
  • The top Chinese brands remain Alibaba, Baidu and Xiaomi, which make up more than 90 per cent of the country’s smart speaker market

Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout
Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout
READ FULL ARTICLE