We congratulate our client – Visualead – for their recruited investment from Chinese e-commerce giant Alibaba. This is Alibaba’s first direct investment in Israeli High-Tech.
Visualead was established at 2012 and developed a software system that generates personally designed colored scanning code – QR for commercial companies and brands that can be assimilated in videos, animations, websites and products.
Visualead, that already works with strong brands such as Coca-Cola and Crocs, runs a Shanghai office and uses PTL Group’ financial services focusing on contracting local suppliers and issuing local invoices. From its shanghai office it collaborates, for some time, with Alibaba and other Chinese companies such as social networks Sina weibo and RenRen network.
The investment amount was not published, but it is estimated at 7 to 9 million dollars. Through that investment, Alibaba will establish a development activity in Israel and Visualead would be its representative. Visualead will expand its activities in Israel and recruit additional software engineers and product managers.
Congratulations and all the best!
PTL Group Team