Posted by : Unknown Thursday, October 3, 2013

The Chinese Internet company Alibaba Group wears a number of hats, with commerce sites, a payment system and a search engine.
It is also a tech investor.
Quixey, a search engine for apps, announced on Thursday that it had raised a $50 million financing round led by Alibaba. The deal shows the Chinese company expanding its influence in Silicon Valley, many miles away from its home market.
The Alibaba name lends some prominence to Quixey. Alibaba is also getting a seat on the board, according to Tomer Kagan, Quixey’s chief executive and co-founder.
“They’ve been more founder-friendly than almost any V.C. I’ve ever met,” Mr. Kagan said in an interview, using a shorthand for venture capitalist. “They really believe in the founders having a strong say on the board and a strong say in the company.”



 more visit: http://mobile.nytimes.com/blogs/dealbook/2013/10/03/alibaba-invests-in-a-search-engine-for-apps/?_r=0

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