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

Topic |   US-listed Chinese stocks
Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout
Alibaba Group Holding's popular smart speaker, Tmall Genie. Photo: Handout
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