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Alibaba Buys a Stake in the Future of Public Transport

Naomi Gray
Updated
Alibaba Buys a Stake in the Future of Public Transport

Alibaba (BABA) has bought a stake in Optibus, an Israeli startup that aims to bring the tech revolution to the public transportation sector. Optibus provides software that enables cities to run their public transportation systems more efficiently. As a provider of a technology for running mass transportation systems, Optibus is a player in the smart transportation market, which was valued at $58.2 billion in 2017 and is on track to grow to more than $236 billion by 2024, according to data from Zion Market Research.

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