Taiwan Entrepreneurs Fund

Alibaba Group Executive Chairman Ma gestures while giving a speech at National Taiwan University in Taipei

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.

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