HANGZHOU—Chinese e-commerce giant Alibaba Group Holding Ltd. says it will nearly triple spending on research and development, to more than $15 billion over the next three years, as it seeks to keep pace with Western rivals such as Alphabet Inc. and Amazon.com Inc.
Alibaba started as an online marketplace but has since moved into cloud computing and artificial-intelligence initiatives. In the previous three years, its spending on research and development was about $6 billion—a fraction of what major U.S. tech companies spend.
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