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Posted on: March 16, 2017, 11:17 a.m.
Alibaba is the lead investor in an $18m Series B funding round for smart car technology developer WayRay, continuing the e-commerce company’s connected car road plan. Connected vehicles is an area seemingly every tech company is trying to get in on. In a week that saw Intel snap up Israeli car technology company Mobileye for $15.3bn, Alibaba, no stranger to this industry, dug its nails into WayRay. Full investment news article