Alibaba Explores Augmented Reality

Earlier this week, Alibaba announced the acquisition of Infinity, an Israel-based augmented reality startup. The details of the deal are unavailable. Alibaba worked closely with Infinity in various areas including artificial intelligence, augmented reality, and computer vision since 2016. So, this acquisition marks a little change in their synergy. However, it signals Alibaba’s desire to capture the often elusive frontier of innovation. In 2013, Alibaba invested in Magic Leap and


The second largest stock market listing trailing Alibaba, the SoftBank will raise over US$ 23 Bn for its mobile business in Japan from initial public offer (IPO). This is expected to retain the status quo of SoftBank as the second largest stock market listing in the foreseeable future. In 2014, the bank had raised nearly US$ 25 Bn at current exchange rates. Pricing its share at US$ 13 or 1,500