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.

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. Quixey has developed deep mobile search technology that can scour multiple platforms for information simultaneously. It had raised approximately $132m in funding since it launched…

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