Tuesday, December 17, 2013

Chinese Internet Giant Gets into AR Eyewear

"Chinese internet giant Alibaba is jumping onto the wearable tech bandwagon as its chairman Jack Ma reportedly met with Samsung executives for technological support with its upcoming smart eyeglasses project during a trip to South Korea last week, reports Shanghai's China Business News. An Alibaba spokesman told the paper that Ma had indeed paid a visit to South Korea, but refused to reveal the purpose of his stay." That's the start of a story on Want China Times. "Insiders claim that Ma sought strategic investors for Alibaba's latest smart eyewear project, including Samsung, Korean Telecom and software firm Naver. The potential of wearable smart devices is comparable to mobile internet, attracting the participation of many hi-tech giants, including Alibaba, the insider said, adding that the smart wearable device project can greatly boost Alibaba's IPO price." Read more.

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