Alibaba has teamed up with venture capital and innovation company InnoSpring for an innovation centre in the Shanghai district of Jiading that will focus on foreign startups.
E-commerce group Alibaba and innovation and venture capital company Innospring have launched an innovation hub in Jiading, a district in the Chinese city of Shanghai best known for its links to the automotive industry.
The Alibaba Innovation Center will combine with InnoSpring’s Shanghai Hongkou incubator to provide support and infrastructure to assist companies based in the US and other foreign countries that are looking to expand into China.
One of the partnership’s first moves was to launch a demo day…
