Connectivity options are provided by the business for login and anti-counterfeiting, mobile payments, mobile payments, mobile coupons, social networking, mobile ticketing, product packaging, and authentication.
Alibaba had already invested in Visualead at 2015, in its initial foray to the industry. This could be Alibaba acquisition in Israel if the price is finished, Calcalist said.
QR codes are indecipherable pictures for mobile devices which are utilized as “programs” to achieve sites. Using scanner applications, their device’s camera is aimed by mobile users in the QR code, which, when it’s translated from the scanner, opens up an web page with info or an opportunity to purchase online.
The Chinese giant invested in Israeli startups Twiggle, Infinity Augmented Reality, Lumus along with ThetaRay. In March 2015 it succeeds with Israeli venture capital company JVP (Jerusalem Venture Partners) to put money into a variety of organizations.
Last month, ” Alibaba said that it was starting an ambitious worldwide research project that will find $15 billion in R&D investment. The initiative includes the development of seven research laboratories worldwide.
Launched in March 2012 from CEO Nevo Alva and CTO Itamar Friedman, the startup has raised $8.35 million to date from shareholders such as Israeli private equity firm Kaedan Capital and Entrée Capital, in Addition to Alibaba, based on Start-up Nation Central. Visualead opened up a headquarters in Shanghai with Alibaba using Visualead QR codes on its Alipay payment system and becoming among its main customers.
Visualead’s technology turns any image, logo, profile image, animation, or even video into designer QR (Quick Response) code, and helps increase customer interaction with brands, according to data compiled by Start-up Nation Central, an NGO which tracks Israel’s startup industry.
Chinese e-commerce giant Alibaba Group Holding Ltd. has entered an agreement to purchase Herzliya-based Visualead Ltd., a developer of an online platform to generate visual codes and mobile campaigns, Calcalist reported, citing people familiar with the matter. The price is worth tens of millions of dollars, among the folks mentioned.