From left, former UN secretary general Ban Ki-moon, Ghanaian President Nana Akufo-Addo, and Alibaba founder Jack Ma at the first Africa Netpreneur Prize awards. Photo: Handout

African start-ups get US$1 million boost from Jack Ma’s Netpreneur Prize

  • First grants awarded from Alibaba founder’s US$10 million decade-long fund to identify Africa’s most promising young entrepreneurs
  • ‘Africa today is like China 20 years ago. Because we had nothing. That is the opportunity’
Topic |   Jack Ma

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From left, former UN secretary general Ban Ki-moon, Ghanaian President Nana Akufo-Addo, and Alibaba founder Jack Ma at the first Africa Netpreneur Prize awards. Photo: Handout
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Cindy Chow Lok Mei-ki, executive director of Alibaba Hong Kong Entrepreneurs Fund, says the fund has already deployed US$35 million in more than 20 Hong Kong companies since its launch in November 2015. Photo: Nora Tam

Jack Ma-backed start-up fund steps up search for next biotech unicorn from Hong Kong

  • The US$131 million fund started by Jack Ma seeks to nurture the next biotech unicorn, as it looks to mirror the success of on-demand van-hailing app GoGoVan and fintech firm WeLab
  • The fund has invested US$35 million in more than 20 start-ups, including Hong Kong-based genetics testing company Prenetics
Topic |   Venture capital market

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Cindy Chow Lok Mei-ki, executive director of Alibaba Hong Kong Entrepreneurs Fund, says the fund has already deployed US$35 million in more than 20 Hong Kong companies since its launch in November 2015. Photo: Nora Tam
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