Alibaba is acquiring the Israeli AR Software Startup InfinityAR
The Chinese e-commerce giant Alibaba is acquiring the Israeli augmented reality software startup InfinityAR, the two companies announced today. The financial details of the acquisition were not disclosed, but More...
Alibaba Founder Jack Ma visits Israel with 35 senior execs
Alibaba Group founder and chairman Jack Ma has landed in Israel Monday accompanied by 35 senior executives from the Chinese giant. The visit began with a visit to the Dead Sea with Jack Ma reportedly floating More...
Mysterious Israeli Startup Magic Leap Wraps Up Its Mega-Funding Round Valued At $4.5 billion
Magic Leap Inc. the company that promises to blow your mind, is an oddity in the tech industry, even by Silicon Valley’s heady standards, said nasdaq.com On Tuesday, the startup confirmed More...
Uber CEO Kalanick confirms at least $1.2B funding for China growth
Uber is raising $1.2 billion for its China business, CEO and founder Travis Kalanick said today. In an interview with China’s Sina Tech, Kalanick stated that the funding round is still not finalized, More...
Soros takes Time Warner Cable stake, adds to Facebook, sells Alibaba in Q2
Billionaire investor George Soros on friday took a new stake in Time Warner Cable (TWC), added shares of Facebook Inc. (FB) and unloaded most of his stake in Alibaba Group Holding (BABA) in the second quarter, More...
Daniel Loeb’s Third Point Exits $1 Billion Alibaba Stake
Hedge fund manager Daniel Loeb’s Third Point exited its entire stake in China’s e-commerce giant Alibaba. The New York-based hedge fund dissolved its shares — valued at $1 billion — after the More...
Chinese Internet Giants Alibaba and Baidu Increase Investments in Israel
Baidu and Alibaba, two of China’s largest internet companies are increasing their investments in Israel. Baidu is investing $5 million in Tonara, an Israeli startup that makes it easier for More...
Office Depot and Staples Merger Has Small Hurdle Before FTC Approval
Activist investor Jeffrey Smith of Starboard, which owns 4.5% of Staples and has increased its stake of Office Depot by 10% recently, is confident the merger proposal between the two companies will More...
Facebook and Alibaba Invest in Israel
Originally published by The Jewish Press Facebook and the Chinese giant Internet Alibaba have expressed confidence in Israel with hiring and investment announcements. Facebook, which already operates a development More...
Alibaba Invests in JCP, Israeli Cyber-Focused Venture Fund
It was reported today that Chinese Internet giant Alibaba will invest a sum of tens of millions of dollars in Israel venture capital firm JVP. Kobi Rozengarten, a managing partner with Jerusalem Venture More...