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30 March 2017

Quixey closure reportedly due to Alibaba debt deal

Mobile search platform Quixey, which revealed last month it was 'exploring strategic options' has reportedly shut down due to provisions in a loan from equity investor Alibaba.

Author: Robert Lavine, News Editor

The decision of US-based mobile search platform Quixey was largely in part due to its inability to repay a loan provided by a shareholder, e-commerce firm Alibaba, Axios reported yesterday.