- Chinese ecommerce giant Alibaba has acquired Israeli startup Infinity AR, which has made a system for app developers to provide augmented reality (AR) applications in wearables and mobile devices.
- The buyout comes as Alibaba experiments with ways AR and virtual reality gadgets and apps can be used for online purchasing as well as in-store shopping.
- Infinity AR’s 25-person team will move to Alibaba’s R&D center in Israel, which opened in 2017.
- This marks Alibaba’s second acquisition in Israel. The first was its 2015 purchase of Visualead, maker of “designer” QR codes.
Source: The Times of Israel
Editing by Eileen C. Ang
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