On the sidelines of the CES Asia in Shanghai, Chinese e-commerce giant Alibaba Group Holding Ltd (NYSE:BABA) announced a partnership with a few automakers to install its smart speaker in some of their internet cars in China.
Diversifying Amid Maturing Core Business
The Chinese company has struck a partnership with Audi AG (OTC:AUDVF), RENAULT S A/ADR (OTC:RNLSY) and Honda Motor Co Ltd (NYSE:HMC) to integrate its Tmall Genie Auto, an Artificial Intelligence solution developed by its A.I. Labs, into specific-model vehicles.
Why It's Important
This integration will allow the three automakers access to a variety of voice-controlled information and services such as identifying nearby attractions and restaurants, booking movie tickets, ordering to-go boxes, checking the status of package deliveries, reading children's books and ordering items on Alibaba's retail platform.
The smart speaker-controlled smart devices at home can also be controlled from cars, performing tasks such as turning on the heater and air conditioning at home.
Tmall Genie is the best-selling smart speaker in China, capable of controlling more than 100 million devices from over 600 smart appliance brands.
Alibaba shares were up 1.7 percent to $162.58.
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