By: Shahar H Grade: 9
Alibaba (China) will invest $6 million into the Israeli start-up company Visualead. Visualead specializes
in designing animated and colorful Q R (quick response) codes to be scanned by
cellphones. This is the second round of fundraising for Visualead. In the first round they received over $ 2.2
million dollars of funding. Alibaba is the biggest
e-commerce company in the world; they
provide e –commerce services for sellers and merchants over the World Wide Web.
After Visualead won a start-up contest in Beijing they made a strategic move,
to persist in the Chinese market. The CEO of Visualead, Nevo Allva stated “Alibaba
is an ideal strategic partner."
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