Alibaba Group
Alibaba Group is the largest online and mobile commerce company globally, primarily known for its extensive e-commerce platforms that connect buyers and sellers. It operates notable marketplaces in China, including Taobao, which focuses on consumer-to-consumer transactions, and Tmall, which caters to business-to-consumer interactions. The company's core business lies in its China commerce retail division, which is a significant source of cash flow. In addition to retail and wholesale transactions, Alibaba also generates revenue from various sectors, including international commerce, local consumer services, cloud computing, digital media and entertainment, and logistics through its Cainiao network. Alibaba's diverse portfolio positions it as a key player across multiple industries, including retail, logistics, and technology.
Founded in December 2021, MiniMax has been dedicated to the development of large-scale AI models from its inception. Its focus on cutting-edge research and practical applications has established it as a leader in the field. In April 2023, MiniMax launched its API platform, enabling enterprises to access large language model capabilities. By June, it introduced Talkie, an AI-native character community application aimed at international markets. November 2023 saw the release of MiniMax’s speech large model, further expanding its multimodal capabilities. In April 2024, MiniMax debuted the abab6.5 series, featuring a trillion-parameter MoE architecture, alongside the launch of the Hailuo AI App. September 2024 marked the release of Hailuo AI Video, empowering creators with AI-driven video tools. In November, MiniMax unveiled the abab7-preview model, pushing the boundaries of AI in text, mathematics, and multimedia processing. Today, MiniMax’s models handle 3 billion daily interactions, process over 3 trillion tokens, generate 20 million images, and produce 70,000 hours of speech every day, demonstrating its profound impact on global AI innovation.
XReal Technology
Venture Round in 2024
Xreal is a developer of mixed reality technology based in Beijing, China, founded in 2017. The company specializes in creating lightweight mixed reality glasses, with its flagship product, Nreal Light, designed for comfort and vivid display quality. These glasses utilize advanced spatial computing algorithms and environment-understanding AI to deliver an immersive user experience. Xreal aims to make mixed reality technology accessible to a broader audience, while also empowering developers to create innovative applications that enhance entertainment and productivity. Through its products and initiatives, Xreal seeks to unlock the full potential of mixed reality in everyday life.
XReal Technology
Series C in 2022
Xreal is a developer of mixed reality technology based in Beijing, China, founded in 2017. The company specializes in creating lightweight mixed reality glasses, with its flagship product, Nreal Light, designed for comfort and vivid display quality. These glasses utilize advanced spatial computing algorithms and environment-understanding AI to deliver an immersive user experience. Xreal aims to make mixed reality technology accessible to a broader audience, while also empowering developers to create innovative applications that enhance entertainment and productivity. Through its products and initiatives, Xreal seeks to unlock the full potential of mixed reality in everyday life.
Perfect Corp. is a technology company that specializes in augmented reality (AR) and artificial intelligence (AI) solutions for the beauty and fashion industries. Founded in 2014 and headquartered in New Taipei, Taiwan, with an additional office in San Jose, California, the company offers a range of products designed to enhance the shopping experience. Its key offerings include YouCam for Web, which provides makeup try-on plugins for e-commerce businesses, and YouCam for Enterprise, a comprehensive suite of beauty solutions featuring virtual makeup applications, AR skin diagnostics, AI product recommendations, and live streaming capabilities. Additionally, Perfect Corp. provides consumer-facing mobile apps like YouCam Makeup and YouCam Perfect, enabling users to virtually try on products, diagnose skin conditions, and share their experiences. By partnering with major brands, Perfect Corp. aims to facilitate personalized and engaging shopping journeys in a digital-first marketplace.
Infinity Augmented Reality
Acquisition in 2019
Infinity Augmented Reality Ltd. is a software company specializing in the development of an augmented reality platform that enhances user interaction with digital content in real-world environments. Founded in 2006 and headquartered in Ramat Gan, Israel, with an additional office in Shanghai, China, the company offers a software platform that enables users to experience fully interactive three-dimensional augmented reality through natural hand gestures. Its technology maps the surrounding environment, allowing for the seamless integration of virtual elements with physical spaces. Infinity Augmented Reality also provides three software development kits that serve as foundational tools for augmented reality developers and manufacturers of wearable devices. This innovative approach aims to create a new digital landscape where users can engage with augmented content naturally and intuitively.
WayRay SA is a company that specializes in the development of holographic navigation systems and augmented reality (AR) technologies aimed at enhancing the connected car experience. Founded in 2012 and headquartered in Lausanne, Switzerland, with additional offices in Moscow, San Francisco, and China, WayRay offers innovative products such as Navion, an AR car navigation system that integrates aeronautical principles for land navigation, and ELEMENT, a holographic navigator that leverages AR technology to provide real-time information on the road. By applying aerospace technology to automotive navigation, WayRay aims to improve driving safety and convenience, enabling drivers to access critical data through a heads-up display without diverting their attention from the road. The company is committed to advancing the integration of AR in the automotive industry and beyond.
Lumus (www.lumus-optical.com) products enable the fusion of the digital and physical world, allowing businesses and individuals to maximize the potential of augmented reality and smart eyewear today. Lumus has developed leading technology for see-through wearable displays, via its patented Light-guide Optical Element (LOE) platform to market leading producers of smart glasses and augmented reality eyewear. Lumus' technology enables a small natural looking form factor, wide field of view and true see-through performance.
Infinity Augmented Reality
Post in 2016
Infinity Augmented Reality Ltd. is a software company specializing in the development of an augmented reality platform that enhances user interaction with digital content in real-world environments. Founded in 2006 and headquartered in Ramat Gan, Israel, with an additional office in Shanghai, China, the company offers a software platform that enables users to experience fully interactive three-dimensional augmented reality through natural hand gestures. Its technology maps the surrounding environment, allowing for the seamless integration of virtual elements with physical spaces. Infinity Augmented Reality also provides three software development kits that serve as foundational tools for augmented reality developers and manufacturers of wearable devices. This innovative approach aims to create a new digital landscape where users can engage with augmented content naturally and intuitively.
Magic Leap
Series C in 2016
Magic Leap is an augmented reality company based in the United States that specializes in developing innovative hardware and software to enhance user interaction with digital devices. Its proprietary wearable technology allows users to experience augmented reality in a visually immersive manner. By leveraging dynamic-image computing and stereoscopic 3D technology, Magic Leap creates lifelike images that blend seamlessly into the real world, enhancing the way users visualize data and access digital content. The company's approach aims to bridge the gap between digital and physical experiences, enabling a unique and engaging interaction with technology through its advanced visual output capabilities.
Snap Inc. is a global camera company based in Santa Monica, California, founded in 2010. It is best known for its flagship product, Snapchat, a multimedia messaging application that allows users to send photos and videos that disappear after being viewed. The app has gained popularity, particularly among younger users, for its unique features, including filters, lenses, and Stories, as well as augmented reality experiences and gaming. In addition to Snapchat, Snap Inc. offers several other tools such as Snap Map for location sharing, Memories for saving and organizing Snaps, and the Discover platform for accessing content from publishers and creators. The company also produces Spectacles, sunglasses equipped with a built-in camera that enables users to capture content from a first-person perspective. Through its innovative approach to communication and technology, Snap Inc. continues to evolve and expand its offerings in the realms of social media and digital content creation.
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