Posted inBusinessChinaHong Kong

Unclear guidelines and not a charity: Jack Ma’s HK$1 billion start-up fund attracts skepticism in HK

Nine months after Chinese billionaire Jack Ma announced he would set up a start-up fund to help Hong Kong entrepreneurs, Ma’s Alibaba finally kicked start the HK$1 billion initiative on Thursday. However, the Hong Kong Entrepreneurs Fund has been criticised for its “unclear guidelines and prolonged application process.” Alibaba said the fund is not for profit but […]