Over the past several years, Alibaba has been investing serious cash into U.S. start-ups, in industries ranging from transportation to augmented reality. The Chinese e-commerce giant in 2013 set up a Silicon Valley branch, headed up by former Liberty Media executive Michael Zeisser, to oversee its investments. It's just one way the company — which raised a staggering $25 billion in its 2014 U.S. IPO — is rapidly increasing its American presence.
Yesterday's letter to shareholders from executive chairman Jack Ma emphasized the company's globalization strategy and plans to grow each reach all over the world — including the U.S.
Here are some of the headline-grabbing investments Alibaba has made in U.S. companies recently.