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Alibaba invests in Israeli AR startup

Alibaba Group Holding Ltd. made a $6 million investment in Israeli augmented reality lens maker Lumus, Deal Street Asia reported Jan. 20.

Founded by Yaakov Amitai in 2000, the startup supplies lenses for the business-to-business AR market, producing optical engines that are used in AR glasses and headsets.

The investment reportedly is in line with the Chinese e-commerce giant's focus on technologies that could factor into online shopping in the future.