Alibaba acquired InfinityAR.

Alibaba acquired Infinity Augmented Reality, an Israeli virtual reality startup. Alibaba and InfinityAR had had a strategic partnership since 2016 when Alibaba Group led InfinityAR’s Series C. Financial terms were not disclosed. Prof. Lihi Zelnik-Manor, head of Alibaba Israel Machine Vision Laboratory, said "Alibaba is delighted to be working with InfinityAR as one team after three years of partnership. The talented team brings unique know-how in sensor fusion, computer vision, and navigation technologies. We look forward to exploring these leading technologies and offering additional benefits to customers, partners and developers.”