HONG KONG: Alibaba Group Holding Ltd’s cloud division has pledged US$1bil (RM4.1bil) to support startups in Asia, marking one of its largest outlays since the tech giant pledged to boost spending and move past a bruising antitrust investigation at home.
The US$1bil (RM4.1bil) will be the initial funding for Project AsiaForward, which aims to nurture 100, 000 developers and tech startups over the next three years, Alibaba said in a statement yesterday.
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