Mattel, Alibaba Partner to Develop Interactive, Educational Toys for the Chinese Market

Mattel (MAT) is teaming up with e-commerce giant Alibaba (BABA) to develop educational, interactive toys specifically for its Chinese market.

Mattel will market and sell its toys through Alibaba's platform while using the collaboration and the Chinese company's artificial intelligence lab to "develop new and innovative products designed to aid child development" through interactive learning, the companies said in a statement Tuesday morning.

Mattel and Alibaba, the biggest e-tailer worldwide based on gross merchandise volume, said they expect to start selling products in mid-2017.

The partnership comes after Mattel tapped Publicis Groupe agencies Mediavest Spark and DigitasLBi, dubbed "Team Mattel," to help advance technology for some of its core brands including Barbie, Fisher-Price, Hot Wheels and American Girl. Paris marketing firm Publicis Groupe touts itself on its "world-renowned creativity, best in class technology, digital and consulting expertise."

It is likely not a coincidence that as former Alphabet's (GOOGL) Google President of the Americas, Margaret Georgiadis takes over as CEO of Mattel, the company is driving growth in tech. Georgiadis replaced interim Mattel CEO Christopher Sinclair last week.

"Play has a tremendous impact on a child's cognitive, social and emotional growth," Georgiadis said in a statement. "By combining Mattel's unmatched expertise in childhood learning and development, with Alibaba's immense reach and unique consumer insights, our goal is to help parents in China raise children to be their personal best."

Although Sinclair led a noteworthy transformation of Barbie during his two-year term, adding various body shapes and skin tones to the doll, sales of the traditional doll fell in the company's recent quarter.

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