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Alibaba Sets Up Usd258 Million Startup Fund For China’S Greater Bay Area

Jul 13, 2021•about 4 years ago

Amount Raised

$258 Million

HangzhouSoftware Development

Description

Alibaba Group Holding has launched a HKD2 billion (USD258 million) venture capital fund to help support startups in the Guangdong-Hong Kong-Macao Greater Bay Area.

Company Information

Company

Alibaba Group Holding

Location

Hangzhou, Zhejiang, China

About

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions its customers will meet, work and live at Alibaba and that it will be a good company lasting for 102 years. We pledged to reach carbon neutrality by 2030. By working with merchants and consumers, the company expects to slash carbon emissions by 1.5 gigatons across its digital ecosystem by 2035.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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