Alibaba invests in three ecommerce disruptors via its Hong Kong Entrepreneurs fund
Alibaba has invested in three startups in Hong Kong, via its non-for-profit Hong Kong Entrepreneurs Fund.
The small investments are the first since the company set up the fund in November 2015, which was set up to help entrepreneurs from the Hong Kong area.
The three investments represent three very different aspects of the online shopping market. Yeechoo is an online designer clothes rental service, Shopline is a cloud computing business for small and medium sized retailers and GoGoVan is a platform that connects an inner city logistics network.
Joseph Tsai, executive vice-chairman of Alibaba Group and director of the Fund, Read full story ›
Source: The Drum
