China’s Alibaba backs Israeli venture fund
Alibaba Group has made an LP commitment to the latest fund being raised by Israel-based VC firm Jerusalem Venture Partners (JVP). It comes two months after the Chinese e-commerce giant made its first director investment in Israel.
According to The Wall Street Journal, Alibaba has agreed to contribute $15 million to JVP's seventh fund. The vehicle, which has an overall target of $180 million, reached a $160 million first close last...
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