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More about China, Alibaba, Business, Startups, and Jack Ma
from MashableTodd Wasserman
Alibaba is spreading its wealth with a planned $316 million fund for Taiwanese startups
The company announced the planned fund on Monday, which comprises 10 billion New Taiwan Dollars, according to The Wall Street Journal
The announcement follows the February introduction of a $129 million fund for Hong Kong startups, and comes on the same day that Taiwan ordered Alibaba to stop doing business in the country within six months. It had run afoul of an investment rule governing Chinese companies
Alibaba began doing business in Taiwan in 2008 as a Singapore registered company. Taiwan didn't allow Chinese companies or subsidiaries of Chinese firms to enter the island until 2009. Read more...
More about China, Alibaba, Business, Startups, and Jack Ma
from MashableTodd Wasserman
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