Alibaba launched a total of billions of new venture capital fund in Taiwan

in order to support the whole society entrepreneurs, apparently only rely on the power of the government is not enough, all levels of government through publicity and guidance, and actively encourage social forces to focus on entrepreneurship. Many private investment forces began to pay attention to the development of innovation and entrepreneurship, to provide financial support and entrepreneurial guidance.

19 group Alibaba started in Taipei on the Taiwan venture fund, the fund total amount of NT $10 billion (US $306 million), to provide financial support and entrepreneurship start-up, growth and expansion stage for Taiwan local entrepreneurs.

Executive vice chairman Cai Chongxin

in another development, Alibaba group started on the same day 1 billion Hong Kong dollars in Hongkong venture fund. The chairman of the board of directors Ma earlier this year in Hongkong and Taiwan pledged to set up the fund.

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