Alibaba’s Greater Bay Area-focused fund is on its way to reaching its ceiling in the first half of this year, having secured a third of the $150m in capital so far committed.

Greater Bay Area Fund (GBA Fund), an investment vehicle formed by China-headquartered e-commerce firm Alibaba’s Entrepreneurs Fund (AEF), is set to close at about $257m by mid-2022, AVCJ reported yesterday. Chibo Tang, Global Corporate Venturing 2020 Emerging Leader and managing partner for venture capital firm Gobi Partners, which oversees the vehicle, told Mergermarket the fund…

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