Alibaba’s autonomous driving lab to focus more on monetization

Share via:

Alibaba’s Damo Academy, founded in 2017 as a research-focused program, has announced a significant change in its autonomous driving lab. The lab, which conducts cutting-edge research on autonomous vehicles, will now merge into Cainiao, Alibaba’s global logistics network, and will no longer operate under the basic research institute.

The news was initially reported by the China Securities Journal, a state-affiliated publication. A spokesperson from Alibaba has confirmed the reshuffle, indicating a shift in focus and a greater urgency for the company to monetize its investment in autonomous driving, which requires substantial capital.

Logistics is seen as a logical starting point for Alibaba’s autonomous driving endeavors because self-driving delivery vans primarily transport goods rather than people, and the routes tend to be simpler, such as last-mile environments, compared to busy downtown roads.

Damo Academy has been supporting Cainiao’s last-mile delivery operations for the past six years with its flagship robovan called Little Donkey. The self-driving van has already completed over 10 million deliveries as of June 2022, covering various e-commerce, restaurant, and grocery orders.

Alibaba had projected that the fleet of Little Donkeys would be delivering one million parcels per day within three years. If the team is on track with this forecast, the vans could be handling a significant portion of Cainiao’s packages by now. During China’s annual shopping extravaganza, Double 11, in 2022, Cainiao recorded peak daily deliveries exceeding 18 million.

With Cainiao’s expanding presence in multiple countries as part of Alibaba’s export e-commerce business, it wouldn’t be surprising to witness Little Donkeys navigating the sidewalks of Latin American cities in the future. The logistics giant has been establishing localized logistics centers in countries like Brazil, Mexico, and Chile to strengthen its international operations.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Alibaba’s autonomous driving lab to focus more on monetization

Alibaba’s Damo Academy, founded in 2017 as a research-focused program, has announced a significant change in its autonomous driving lab. The lab, which conducts cutting-edge research on autonomous vehicles, will now merge into Cainiao, Alibaba’s global logistics network, and will no longer operate under the basic research institute.

The news was initially reported by the China Securities Journal, a state-affiliated publication. A spokesperson from Alibaba has confirmed the reshuffle, indicating a shift in focus and a greater urgency for the company to monetize its investment in autonomous driving, which requires substantial capital.

Logistics is seen as a logical starting point for Alibaba’s autonomous driving endeavors because self-driving delivery vans primarily transport goods rather than people, and the routes tend to be simpler, such as last-mile environments, compared to busy downtown roads.

Damo Academy has been supporting Cainiao’s last-mile delivery operations for the past six years with its flagship robovan called Little Donkey. The self-driving van has already completed over 10 million deliveries as of June 2022, covering various e-commerce, restaurant, and grocery orders.

Alibaba had projected that the fleet of Little Donkeys would be delivering one million parcels per day within three years. If the team is on track with this forecast, the vans could be handling a significant portion of Cainiao’s packages by now. During China’s annual shopping extravaganza, Double 11, in 2022, Cainiao recorded peak daily deliveries exceeding 18 million.

With Cainiao’s expanding presence in multiple countries as part of Alibaba’s export e-commerce business, it wouldn’t be surprising to witness Little Donkeys navigating the sidewalks of Latin American cities in the future. The logistics giant has been establishing localized logistics centers in countries like Brazil, Mexico, and Chile to strengthen its international operations.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Chain abstraction explained: What it is and the problems...

Chain abstraction simplifies user experience by enabling interaction...

Apple @ Work: iOS 18.1 brings important features for...

Apple @ Work is exclusively brought to you...

PB Fintech Allots Around 27 Lakh Equity Shares Under...

SUMMARY PB Fintech on Friday (November 15) said it...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!