Alibaba Group to acquire Israeli QR code startup Visualead

Alibaba Group to acquire Israeli QR code startup Visualead

Photo: Reuters

Chinese e-commerce major Alibaba Group, which is listed on the New York Stock Exchange (NYSE), is to acquire Israel-based personalized QR code startup Visualead Ltd. in a deal estimated to be worth tens of millions of dollars.

Citing a person familiar with the matter, Calcalist reported that the Alibaba Group and Visualead had been in discussions regarding the acquisition of Visualead for some time. Alibaba Group is an existing investor in Visualead.

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