TC:
"Earlier this year, Alibaba announced two funds to support entrepreneurs in Hong Kong and Taiwan, and today the initiatives — which are called the Alibaba Hong Kong Young Entrepreneurs Foundation — were officially announced. The Taiwan-based fund is NT$10 billion ($306 million), while the program in Hong Kong is backed by HK$1 billion ($130 million) in cash."
Jack Ma's Alibaba snaps up Youku Tudou as it sets its sights far beyond its core eBay-style transactions business
TechSpot: One of India’s leading online retail platforms, Snapdeal, has raised $500 million from China’s Alibaba Group, existing investor SoftBank and Taiwan’s iPhone manufacturer Foxconn, according to reports.
Alibaba Group Holding Ltd will launch an online video streaming service in China in about two months, hoping to emulate the U.S.'s Netflix Inc and HBO, the firm's head of digital entertainment said on Sunday.
The service will be called 'TBO', or Tmall Box Office, with content bought from China and other countries, as well as in-house productions, Alibaba's Patrick Liu told reporters in Shanghai.
