Alibaba Launches $130M Foundation For Young Hong Kong Entrepreneurs
Alibaba announced today that it has created a $130 million non-profit organization to help young people who want to start businesses on the e-commerce giant’s online marketplaces. Called the Alibaba Hong Kong Young Entrepreneurs Foundation, the group may benefit Alibaba in two ways. For one, it can get more sellers onto Taobao Marketplace and Tmall, its main shopping sites. Read More