By  on October 11, 2017

Alibaba Group isn’t about to let Wal-Mart and Amazon be the only big innovative forces in retail.

The Chinese operator of Tmall, which boasts 500 million active shoppers, is set to invest $15 billion over the next three years in research and development for “foundational and disruptive technology” with the launch of the Academy for Discovery, Adventure, Momentum and Outlook.

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