China’s Alibaba Innovation Ventures, the corporate venture capital investment arm of Chinese e-commerce giant Alibaba Group Holding Ltd., has joined a US$30 million round of financing in Israeli safe driving software developer Nexar. U.S. investment firm Ibex Investors led the round, with participation from U.S.-based Nationwide Mutual Insurance Co., Slow Ventures, True Ventures, Tusk Ventures, London-based Aleph Capital Partners and Mosaic Ventures, according to a company announcement. It marks Alibaba’s latest investment Israel. Last month, the company was reported to … Alibaba Innovation Ventures Joins $30M Round In Israeli Safe Driving App Developer Nexar appeared first on China Money Network.