Strategic investment by Alibaba in Israeli firm JVP

Alibaba has begun to invest in JVP so that they can financially support the new startups.

It’s been two months since Alibaba made its entrance in the Israeli market by making its first investment. Now the ecommerce giant is digging deeper as far as the Israel’s introductory ecosystem is concerned. Jerusalem Venture Partners, a venture capital firm, is coming on board with the former ecommerce giant.

Latest Alibaba news is that the company will be starting a joint venture with JVM in order to provide financial aid to the new startups that seem promising. The amount of money involved in this investment by both the companies has not been disclosed yet. Spokesperson of the ecommerce pioneer shared: “the JVP investment is in line with our mission of supporting innovation and startups...” However, there has been no further news on what type of companies it aims to invest in. The reason why the ecommerce giant has invested in the Israeli company is also because it has enterprise security software makers recently being purchased by PayPal.

The incubator program that is concentrating on the startups that wishes to make career in cyber-security. Alibaba news suggests that its finds it essential that they should be updated and have a closer access to the online security because its business requires it for potential growth.

Visualead specializing in QR code technology announced about the multi-million series B that is led by Alibaba. QR codes maybe not much of a use in States but in China they are widely used in many popular apps. Some of them are Alipay and WeChat. The deal between Visualead and ecommerce giant shall help the latter in order for their O2O business (offline to offline) to grow.   

It had been the latest edition of a Chinese company in to invest in an Israeli firm as far as the technology sector is concerned.

Other companies that have invested in the venture capital firm include Lenovo that invested in Vertex. Yogiin Group has become a partner of Pitango Venture Capital.  Baidu and also Qihoo that decided to invest in Carmel Ventures. A lot of investments have opened the gateways of the beginning of the ecosystem in Israel. It can be hoped that major technology related investments can make the tech-sector powerful and the startups that seem promising should be invested in. This Alibaba news on the investment aspect is profitable for the ecommerce giant as its monetization can bring more growth to the organization. Till then we need to see what startups begin under the umbrella.