EWTP Ecosystem Fund attracts $600m

May 25, 2018 • Thierry Heles

Trade organisation Electronic World Trade Platform (EWTP) has launched a $600m investment fund featuring e-commerce group Alibaba and its financial services affiliate Ant Financial as anchor investors, China Daily reported on Wednesday.

EWTP was first proposed by Alibaba co-founder and chairman Jack Ma in 2016 to help lower trade barriers and support the expansion of small and medium-sized enterprises’ international activities by helping them operate online.

The EWTP Technology and Innovation Fund will seek to invest in companies expanding internationally…

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