The venture capital firm will be led by founder Neil Shen in China, and is one of two global units being separated from its U.S. counterpart to operate independently.
Sequoia China Seed Fund announced on February 28 that its Fund III had raised $480 million last year and has officially entered the investment period. This is the third US dollar fund raising completed in five years since 2018.
The Africa's Business Heroes (ABH) Prize Competition, a charitable initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, announced this year's winners during a livestreamed Grand Finale held in Johannesburg, South Africa.
Alibaba Global Initiatives, a professional training arm under Alibaba, has enrolled a second class of more than 360 African entrepreneurs for its Alibaba Netpreneur Training program, a philanthropic initiative that aims to support the next generation of business leaders in Africa.
Alibaba kicked off its seventh Maker Festival this Wednesday. Founded in 2016, the Maker Festival has grown to become Alibaba's flagship event showcasing the latest innovation by Chinese entrepreneurs and emerging consumption trends in the country.
On July 12, the Alibaba 2022 Asian Entrepreneur Training started in Hangzhou, Zhejiang Province, China. This program provides online entrepreneurship courses and practice for 631 participants.
On Thursday, the Department of Human Resources and Social Security of Zhejiang Province introduced a policy for subsidizing enterprising Chinese college graduates in starting a business.
On July 26, the global finals of the entrepreneurship competition at the 2019 Overseas Talent Entrepreneurship Conference (OTEC) were held in Chaoyang District, Beijing.
After Meituan‘s going public, Meituan CEO Wang Xing’s networth has rocketed to $41.7 billion.