Taiwan Entrepreneurs Fund
Alibaba Launches US$ 307 Million Fund for Taiwan Start-ups
•
Zou Chi
Alibaba executive vice chairman Joseph Tsai points out, executive chairman Jack Ma found out from talking to Taiwanese entrepreneurs that the common concern is a lack of young successors. In order to help young people build start-ups, Alibaba will give out NT$10 billion (approximately US$ 307 million) of venture funds.