Alibaba-backed Xreal, rival to Apple's Vision Pro, claims it's now an AR glasses unicorn
Publishing timestamp: 2024-01-30 12:38:21
Summary
Alibaba-backed augmented reality glasses company Xreal has received $60 million in new funding, giving the company a valuation of over $1 billion. Xreal's latest AR glasses model, Air 2 Ultra, is set to start shipping in March and is available for pre-order at a fraction of Apple's price. Xreal has shipped 350,000 AR glasses since its launch in 2017 and plans to use the funding for research and development and factory expansion.
Sentiment: POSITIVE
Keywords: alibaba group holding ltd, stock markets, breaking news: technology, apple inc, business news, technology, markets, market insider,
Source: https://www.cnbc.com/2024/01/30/alibaba-backed-xreal-claims-its-an-ar-glasses-unicorn-.html