Alibaba In Talks to Buy Israel’s Visualead

By NoCamels Team November 30, 2017 Comments

visualead logoNovember 30, 2017 | Chinese e-commerce company Alibaba is in talks to buy Israel-based QR code startup Visualead LTD for an undisclosed amount, Israeli busines daily Calcalist reports. Citing a person familiar with the talks, Calcalist said the deal in the works is worth tens of millions of dollars. In 2015, Visualead raised $5 million in a Series B round led by Alibaba. Visualead, founded in 2012, is a “software company focused on the research, development and enablement of IOT technologies using Visual QR Code.” In October this year, Alibaba said it would be opening seven R&D centers around the world over the next three years including one in Israel.

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