Magic Leap, the much-hyped augmented reality company that’s raised over $500 million, doesn’t have a consumer product yet, but that isn’t stopping the company from focusing on the potential of the Chinese entertainment market. And raising more money, too.
The Florida-based company is adding Alibaba founder and executive president Jack Ma to its board of directors as part of an upcoming Series C funding round that values it at $5 billion, a source close to Magic Leap told TechCrunch…
Source: Magic Leap Adds Alibaba’s Jack Ma To Board As New Funding Pushes Valuation To $5B | TechCrunch
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