Alibaba Group Holding Ltd. is starting a 1 billion yuan ($160 million) fund with SAIC Motor Corp., China’s largest automaker, to develop a connected car that may go on sale next year.
阿里巴巴控股集团有限公司正在启动10亿元人民币(1.6亿美元)的资金,与中国最大的汽车制造公司——上海汽车集团股份有限公司合作开发互联网汽车,并计划在明年推向市场。
Alibaba, Asia’s largest Internet company, and SAIC Motor are setting up a joint venture to create a platform for development and operation of the Web-enabled car, the Shanghai-based carmaker said in an e-mailed statement. Besides providing cloud computing, Alibaba will also add digital entertainment, maps and financial data, the Hangzhou, China-based company said on its microblog.
上汽集团位于上海的公司在电子邮件声明中提到,阿里巴巴是亚洲最大的互联网公司,上汽集团正与其合作投资,以建设一个用于发展和操作互联网汽车的平台。而其位于杭州的公司在微博中透露,除了提供云计算,阿里巴巴还会加入电子娱乐、地图和经济资讯服务。
The Chinese e-commerce giant is the latest to join a clutch of Internet companiesforaying into connected vehicle projects as China encourages companies outside the traditional auto industry to tie up with existing manufacturers to spur innovation and competition. China’s largest search engine operator Baidu Inc. said it may introduce an autonomous car this year, joining companies like Google Inc.
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