Can smart projectors be Alibaba's new IoT strategy?

Alibaba's investment in smart projector startup JMGO could face headwinds from state-backed traditional TV manufacturing businesses.

Chinese smart projector startup JMGO has raised Rmb600 million $86.5 million Series D funding led by Alibaba and other investors.

JMGO said that it will also develop AI technology with Alibaba, to connect its smart projector products with Alibaba’s smart speaker for voice control.

In the latest funding round, the tech giant is joined by a group of local private equity and venture capital funds including Junsan Capital, Sunz Fund, Stone Capital, GF Xinde Investment, Beijing DZ Capital and 36Ker Fund.

Founded in 2011, JMGO has attracted multiple investors in its previous fundraising. It received undisclosed amounts of angel investment in 2013,...

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