Startup Investing Helps Alibaba Expand Footprint Outside ChinaBy
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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