Alibaba Unveils $316M Taiwan Fund As Government Launches Investigation Into Its Local Business
March 03, 2015 at 05:07 AM EST
Alibaba Group’s announcement yesterday that it will launch a non-profit NTD $10 billion ($316 million) fund for entrepreneurs in Taiwan was overshadowed by a government investigation into its local operations. During a speech today at National Taiwan University in Taipei, Alibaba founder and executive chairman Jack Ma briefly acknowledged the situation. Read More