Alibaba forms $129 mln fund to back young Hong Kong entrepreneurs
Ecommerce giant Alibaba has formed an HK$1 billion ($129 million) foundation to back young Hong Kong-based entrepreneurs. According to the company, the profits generated from these venture investments will be returned to the foundation for re-investment. The venture investment program is expected to launch in the second half of this year.
2 February 2015•3 mins read
