ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Alibaba leads $60m funding round for smart glasses maker Nreal

Chinese tech group has invested at least $1bn in AR and VR startups in recent years

Hong Kong -- Chinese smart glasses startup Nreal says it has raised $60 million in series C+ fundraising led by Alibaba, bringing its total raised over the past year to $200 million.

The Beijing-based company, founded in 2017, had previously raised funds from video platforms Kuaishou and iQiyi, as well as a string of private equity funds including Jack Ma's Yunfeng Capital, Sequoia China, Hillhouse, NIO Capital, Aplus, CICC Capital, CPE, Shunwei Capital and China Growth Capital.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more