Project AsiaForward will provide tech developers to funding in addition to training and access to its venture capital connections.
Alibaba Cloud, the cloud services subsidiary of e-commerce group Alibaba, has pledged $1bn to an initiative to support tech startups and developers, Bloomberg reported today citing a company statement.
Project AsiaForward is intended to support some 100,000 recipients over the next three years while also providing training for prospective software developers and linking entrepreneurs to venture capital investors.
Jeff Zhang, Alibaba Cloud’s president, said: “We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from…