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Glo raises $3 million from Alibaba, cuts deal for IMAX VR arcades

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Glo has raised $3 million from Alibaba for its location-based virtual reality entertainment stations, and it has also licensed its GloStation technology platform to IMAX for its VR Centre in Los Angeles.

The funding for the Hong Kong company comes from Alibaba Hong Kong Entrepreneurs Fund, CRCM Ventures, Presence Capital Fund, Mindworks Ventures, and angel investors.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.