Chinese e-mega-giant Alibaba invests into Israeli high-tech start-up, in latest economic collaboration with Asia.
By Arutz Sheva Staff
Chinese e-commerce giant Alibaba has made its first investment in an Israeli company by funding start-up Visualead, a provider of QR code technology, the companies said in a statement Tuesday.
Deal! – Thinkstock
QR, or quick response, codes are a type of barcode.
Alibaba and Visualead have also entered into a strategic cooperation agreement, the statement said, but gave no figure for the investment.
The deal will allow Alibaba to use Visualead’s technology across its platforms, it said. Visualead will use the funding to develop its next
generation of technology enabling offline to online business.
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