Alibaba acquires Chinese chipmaker C-SKY Microsystems
April 20, 2018 at 03:38 AM EDT
SHANGHAI, April 20 (Reuters) - Chinese e-commerce firm Alibaba Group Holding Ltd has acquired Chinese chip maker Hangzhou C-SKY Microsystems to underpin its cloud-based "internet of things" (IoT) business, an Alibaba spokeswoman said on Friday.