Alibaba Invests $50 Million in Peel to Take Remote-Control App Beyond TV
Alibaba Group Holding continues to expand beyond e-commerce, announcing it has plowed $50 million into a startup that turns smartphones and tablets into remote controls with an app. Based in Mountain View, Calif., Peel Technologies Inc. is one of a growing cluster of consumer startups that are expanding thanks to strategic backing from the Chinese Internet giant that executed the largest IPO in history last month.
Read the source article at US News, Breaking News and Headlines
CLEAR®, CLEAR VENTURES®, CLEAR VENTURE PARTNERS™, CLEARVP™, CLEAR VENTURE MANAGEMENT™, CLEAR INDUSTRY PARTNERS™, and the logos associated therewith are trademarks of Clear Venture Management LLC and are protected by trademark laws of the United States and other countries. All other product and company names are trademarks or registered trademarks of their respective companies
Get the Clear Ventures Newsletter
