Alibaba Launches Chip Company “Ping-Tou-Ge”; Pledges Quantum Chip | Synced

Chinese Internet mogul Jack Ma has a flair for naming new businesses: Alibaba originates from a character made famous in the One Thousand and One Nights collection of Arabian folk tales; while the company’s R&D arm Damo Academy derives from the name of a Chinese Buddhist monk instrumental in the creation of Shaolin Kung Fu.