Alibaba to launch $316m non-profit fund for Taiwan start-ups
Chinese e-commerce giant Alibaba Group has earmarked NT$100 billion ($316 million) for a not-for-profit fund that will be used to boost entrepreneurship among young people in Taiwan.
This follows the establishment of the HK$1 billion ($129 million) Alibaba Hong Kong Young Entrepreneurs Foundation last month. The new fund will provide capital to young Taiwan-based individuals who...
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