location-based technology | Street Fight

PlaceIQ Announces Strategic Investment From Alibaba Group, Expansion Into China

David Hirschman

PlaceIQ Announces Strategic Investment From Alibaba Group, Expansion Into China

The location-based audience and insights platform has partnered with — and received a strategic investment from — Alibaba Group, the largest online and mobile commerce company in the world. The minority investment will be used to help PlaceIQ scale its operations globally, beginning with the Chinese market.

Report: Beacons a Slam Dunk for Sports, Recouping Over $1B in Ticket Sales

Nicole Spector

Report: Beacons a Slam Dunk for Sports, Recouping Over $1B in Ticket Sales

The Q2 2016 report by Proxbook shows that since then, there’s been a 33% increase in global sensors since the beginning of the year. And according to the new report, proximity technology has enabled sports teams and their venues to reclaim ticket revenue at a time when fewer fans are going to stadiums.