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The NextMarket Report — Xiaomo

Alibaba Launches Smart Home Division

Mike Wolf Alibaba Xiaomo

It looks like Xiaomi has some company. Another Chinese tech giant has announced plans to enter the smart home space. Alibaba, a Chinese online commerce comglomerate, has announced they are creating a 'smart living' business unit.  While early details are sketchy - they indicate they'll sell connected products through their Tmall portal and also offer some cloud computing services and a crowdfunding platform - the announcement is notable in that Alibaba is such a massive player in online commerce.  It's not too surprising that a company the size of Alibaba is starting to look at IoT.  After all, if they are...

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