Alibaba (BABA) Stock: $2B Robovan Merger and New Chip Send Shares Higher

TLDR Alibaba’s Cainiao logistics division is combining its self-driving technology unit with Zelos Technology in a transaction worth $2 billion The combined business will operate under the Cainiao Robovan brand and manage over 20,000 autonomous delivery vehicles Alibaba introduced the Zhenwu 810E processor through its T-Head division, designed to compete with Nvidia’s data center chips [...]

The post Alibaba (BABA) Stock: $2B Robovan Merger and New Chip Send Shares Higher appeared first on Blockonomi.