Alibaba picks Gobi, CDIB to run HK, Taiwan entrepreneur funds
Alibaba Group has officially launched its entrepreneur funds - worth a collective $450 million - in Hong Kong and Taiwan, picking Gobi Partners and China Development Industrial Bank (CDIB) to manage the vehicles in those respective markets.
The initiative, known as Alibaba Hong Kong Young Entrepreneurs Foundation, which is worth HK$1 billion ($129 million), was announced in February. The Entrepreneurs Fund for Taiwan was introduced a month...
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