Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Technology
Madhukumar Warrier

Alibaba Spearheads $60M Funding Round For Nio-Backed AR Startup Nreal

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: BABA) led a $60 million funding round for Nio Inc. (NYSE: NIO)-backed augmented reality glasses maker Nreal, CNBC reported on Wednesday, citing the startup.

What Happened: Beijing-based Nreal said it will use the Series C+ funding to increase R&D spending and accelerate its expansion into new markets this year — including its home market of China, as per the report.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.