Alibaba's Greater Bay Area Fund raised HK$2 billion and has invested in the blockchain and digital asset industries

08/22 14:35

Gobi Partners announced the completion of the fundraising goal equivalent to HKD 2 billion (USD 255.9 million) for a fund supported by Alibaba. Tang Qibo, Managing Partner of Gobi Greater Bay Area Fund, stated that the new fund is named AEF Greater Bay Area Fund (AEF GBA), and Alibaba Hong Kong Entrepreneurs Fund (AEF) is the main investor in AEF GBA, while other investors include HSBC and Hang Seng Bank. Currently, AEF GBA has invested in the blockchain and digital asset industries, supporting Hong Kong blockchain game developer Animoca Brands, digital asset insurance company OneDegree, and the fund will also continue Gobi's investment in virtual reality company Sandbox VR.

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