PlaceIQ Archive

Alibaba backs PlaceIQ, a provider of location tools and data

PlaceIQ has a new, big-name investor — Chinese e-commerce giant Alibaba. The companies aren’t disclosing the size of the deal; they’ll only say that it’s a strategic, minority investment, and that it’s an addition to the $25 million round that PlaceIQ announced at the beginning of this year. Co-founder and CEO Duncan McCall told me this is part of a larger partnership, where Alibaba will be …