Israeli public transport optimization start-up Optibus has raised US$40 million in a series B financing round, led by Insight Venture Partners, and a strategic investment from Chinese e-commerce giant Alibaba Group Holding, announced the company on Wednesday. The financial details of Alibaba’s stake are yet to be disclosed. Existing investors including Verizon Ventures, Pitango Venture […]

Alibaba Acquires Strategic Stake In Israeli AI-Powered Transportation Optimization Firm Optibus appeared first on China Money Network.