Salem Radio Network News Wednesday, August 4, 2021

Science

China’s Alibaba to lead fund for startups in Greater Bay Area

SHANGHAI (Reuters) – Chinese e-commerce giant Alibaba Group Holding Ltd will anchor a fund for startups in China’s Greater Bay Area, the company announced on Tuesday.

The fund will have a targeted size of HK$2.2 billion ($283.27 million) and is expected to close in the second half of 2022, the company added.

($1 = 7.7664 Hong Kong dollars)

(Reporting by Josh Horwitz; Editing by Himani Sarkar)

Previous
Next

Editorial Cartoons

View More »

Gary Varvel
Wed, Jul 28, 2021

X CLOSE