China’s Alibaba has disclosed what it intends to do with 365Fanyi, a translation platform the Hangzhou-based e-commerce giant acquired in September 2015. 365Fanyi has now emerged as Alibaba Language Services, led by 365’s founder Liu Yu (Eric Liu). The announcement that Alibaba was rolling out a translation platform by the end of the year was made on June 2, 2016.
“After years of growth, Alibaba has realized that language services are crucial to any business, which is in the middle of globalization or engaged in cross-border e-commerce,” said Liu Yu, Alibaba Language Services GM in an interview with China.org.cn.
Apropos its April 2016 announcement that it was investing USD 1bn in Singapore-based Lazada, “cross-border” is right on the nose―or on the money, as the Alibaba folks will likely prefer.
