HONG KONG -- Chinese e-commerce giant Alibaba announced on Tuesday that it will throw its weight behind a HK$2 billion ($257 million) venture fund to invest in startups in the Greater Bay Area, the urban swath of Southern China that Beijing wants to turn into the country's growth driver.
Startups
Alibaba to back $257m 'Greater Bay' venture fund
Investments aimed at boosting entrepreneurship in South China megalopolis
