Photographer: Qilai Shen/Bloomberg

Startup Investing Helps Alibaba Expand Footprint Outside China

  • Chinese internet giant is said to back health, VR companies
  • Strategy helps Alibaba get startups using its services early

Alibaba Group Holding Ltd. is becoming a more active startup investor. The Chinese internet giant is willing to spend money in hopes of finding the next Snapchat or Lyft -- so long as the target uses Alibaba’s tools and services.

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