• Insider Monkey, Wednesday, March 4, 2015 11:05 AM

Alibaba Group Holding Ltd has revealed that it has reserved $316 million in capital for a fund that will invest in startups based in Taiwan. According to a report from The Wall Street Journal, the new fund will be comprised of 10 billion New Taiwan Dollars and will be spent primarily on mobile commerce startups. Furthermore, the publication notes that Alibaba Group Holding Ltd (NYSE:BABA) wants to invest in firms which are also growing their businesses through the Chinese electronic commerce giant’s online platforms.