Tuesday, February 9, 2016

Secretive AR company Magic Leap raises $800M led by Alibaba

The latest investment values the company at US$4.5 billion Secretive augmented reality (AR) company Magic Leap has sealed almost US$800 million from high-profile investors including Alibaba, Google, and Warner Bros to produce their AR headset. The latest investment values the company at US$4.5 billion. Alibaba’s executive vice-chairman Joe Tsai will also join the company’s board....
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