Nreal received an RM252.24mil investment round from Alibaba, as the tech giant moves into the metaverse. — ETX Studio
Alibaba Group Holding Ltd. led a US$60mil (RM252.24mil) investment in Chinese augmented reality glasses maker Nreal, joining rivals Tencent Holdings Ltd. and ByteDance Ltd. to stake a claim in the future of the metaverse.
The so-called Series C+ funding round brings the total Nreal raised within 12 months to US$200mil (RM840.8mil), the Beijing outfit said in a statement, without disclosing its latest valuation.
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