Magic Leap, the Florida-based augmented reality company that landed half-a-billion USD in funding from Google last year, is now reportedly in talks with Alibaba to seal its next round of funding.

Sources who spoke to Recode say that the Chinese tech giant is expected to lead the company’s next round with a $200 million USD investment. According to the South Florida Business Journal, multiple sources say the company’s total round will be around the $1 billion mark.

Magic Leap has attracted a lot of attention for its secretive product development and eccentric CEO. While the company has yet to release a working prototype, they’ve attracted the attention — and dollars, of some of the world’s biggest tech and entertainment names.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com