The new funds, which follow a $5m investment from Alibaba in 2013, is being made as part of a move to expand Peel's technology into the Chinese market.
China-based e-commerce company Alibaba has invested an undisclosed amount in US-based remote control app developer Peel, technology news source GigaOM reported on Thursday.
Although the current deal amount is undisclosed, GigaOM stated that it is larger than the $5 million Alibaba invested in Peel in 2013.
Peel, the creator of an interactive TV remote control app that enables users to suggest programmes to each other, recently announced a partnership with China-based electronics company TCL which will pre-install Peel’s app on…
