Alibaba's acquisition of Infinity AR

Time:2019-03-25 20:47:50  Author:en.gouwuwang.org Popular: Comment:1

  

Alibaba's acquisition of Infinity AR

 

Alibaba announced Sunday that it had acquired Infinity Augmented Reality Israel Ltd.

 

NfinityAR was founded in 2013 and is headquartered in Ramat Gan. The company has developed augmented reality software, a technology that superimposes information such as images or sounds into user environments. Mobile games are one of the most popular applications of augmented reality, including Pokemon Go, a popular game that once had more than 100 million users, net revenue exceeded $2 billion and was growing.

 

The financial details of the deal are still incomplete, but according to a Globes report, market sources estimate that Alibaba paid more than $10 million.

 

"Alibaba is very interested in our products because it is an open platform and it believes that it will be a milestone in the shopping and game world in the near future."

Alibaba's acquisition of Infinity AR

 

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