Chinese e-commerce giant Alibaba Group Holding Ltd (9988.HK) will anchor a fund for startups in China's Greater Bay Area, the company announced on Tuesday via its Alibaba Entrepreneur Fund.
The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peterwill anchor a fund for startups in China's Greater Bay Area, the company announced on Tuesday via its Alibaba Entrepreneur Fund.
The fund will have a targeted size of HK$2.2 billion and is expected to close in the second half of 2022, the company added.More from ReutersSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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