Gobi-managed Alibaba Entrepreneurs Fund hits first close
Alibaba Entrepreneurs Fund II, a Greater Bay Area-focused vehicle managed by Gobi Partners, reached a first close of USD 100m at the end of June 2021 and total commitments now stand at USD 120m.
The overall target is HKD 2bn (USD 256.9m) and a final close is planned for mid-2022, Chibo Tang, a managing partner at Gobi, told Mergermarket, AVCJ’s sister title. The first iteration of the fund was...
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