Corporate venturing in China has bounced back and helped the country reach record investment activity in 2021.
Tao Liu has moved to the strategic investment group at China-based e-commerce group Alibaba after Chinese investment rebounded last year.
Liu will back cloud softwae technology developers having spent the past seven months at sister company Alibaba Cloud making undisclosed technology investments in semiconductors and silicon, sensing, artificial intelligence (AI) and virtual reality.
Alibaba’s cloud services subsidiary, Alibaba Cloud, pledged $1bn in 2021 to an initiative to support tech startups and developers. The Project AsiaForward initiative is intended to support…
