Alibaba To Establish $316M Young Entrepreneur Fund In Taiwan

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Chinese e-commerce giant Alibaba Group Holdings plans to set up a NT$10 billion (US$316 million) not-for-profit fund to boost entrepreneurship among young people in Taiwan, according to a company announcement.

The move follows last month’s establishment of the Alibaba Hong Kong Young Entrepreneurs Foundation that aims to raise HK$1 billion (US$129 million) to boost entrepreneurship in Hong Kong.

China Money Network

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