Alibaba Entrepreneurs Fund

Alibaba Entrepreneurs Fund is a not-for-profit initiative established by Alibaba Group in 2015, aimed at supporting entrepreneurs and young graduates in realizing their business aspirations. The Fund operates in Hong Kong and Taiwan, where it has set up separate funds to cater to the unique needs of each region. Through its various programs, the Fund provides financial support, mentorship, and resources to help foster entrepreneurial talent and drive innovation within the local communities.

Cindy Chow

Executive Director

Andrew Lee

Executive Director

Teddy Lui

Chief Commercial Officer, COO and Operations Director

Past deals in Hong Kong

Vpon

Series B in 2025
Vpon Inc., established in 2008, is a leading big data company specializing in mobile advertising and user behavior forecasting. Headquartered in Taipei, Taiwan, with offices in Hong Kong, Shanghai, Singapore, and Tokyo, the company provides a range of solutions including performance optimization, branding, cross-border marketing, and traffic monetization. Vpon's platform offers a data management platform, demand-side platform, in-app and mobile ad network, and data acquisition channels, along with data scientist and campaign manager services. With extensive media resources and advanced big data analytics, Vpon serves clients across 12 Asia-Pacific countries, reaching over 21 billion biddable inventories and covering 900 million unique devices monthly. The company has raised multiple funding rounds and been recognized for its excellence, winning awards such as the Bronze award for Greater China Specialist Agency of the Year in 2016 and 2017.

Great Bay Bio

Series A in 2022
Great Bay Bio Ltd. is a biotechnology company based in Central, Hong Kong, founded in 2002. It specializes in drug discovery and development by leveraging artificial intelligence technology within its Chemistry, Manufacturing, and Control (CMC) platform. The company focuses on the research, development, and manufacturing of protein sequence products, including recombinant insulin-stimulating hormones and fusion proteins. Great Bay Bio aims to create innovative biopharmaceuticals through a digital platform that integrates big data and Internet of Things technology. By harnessing high-quality resources from regions including Europe, the United States, Singapore, and Hong Kong, the company seeks to enhance the efficiency of drug development, significantly shortening development cycles and reducing costs, thus providing competitive advantages in the biotechnology industry.

AsiaYo

Series C in 2022
AsiaYo, founded in June 2013 and based in Taipei, is an online room booking platform that allows users to discover over 60,000 uniquely designed accommodations across 60 cities in Taiwan, Japan, Korea, Thailand, and Hong Kong. The platform connects local hosts with international travelers, enabling hosts to monetize their unused spaces. AsiaYo differentiates itself by offering promotional discounts and special coupons while imposing no service fees, allowing travelers to access accommodations that often surpass traditional hospitality standards at competitive prices. This approach not only enhances the travel experience but also supports local economies by promoting unique lodging options.

Great Bay Bio

Series A in 2021
Great Bay Bio Ltd. is a biotechnology company based in Central, Hong Kong, founded in 2002. It specializes in drug discovery and development by leveraging artificial intelligence technology within its Chemistry, Manufacturing, and Control (CMC) platform. The company focuses on the research, development, and manufacturing of protein sequence products, including recombinant insulin-stimulating hormones and fusion proteins. Great Bay Bio aims to create innovative biopharmaceuticals through a digital platform that integrates big data and Internet of Things technology. By harnessing high-quality resources from regions including Europe, the United States, Singapore, and Hong Kong, the company seeks to enhance the efficiency of drug development, significantly shortening development cycles and reducing costs, thus providing competitive advantages in the biotechnology industry.

Qupital

Series B in 2021
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.

SleekFlow

Seed Round in 2021
SleekFlow is a Singapore-based company offering an Omnichannel Conversational AI Suite for customer engagement. It enables personalized journeys across messaging channels like WhatsApp and Instagram, automating workflows for marketing, sales, and support teams. SleekFlow empowers businesses to optimize interactions, achieve scalability, and deliver consistent customer support.

Lynk

Series B in 2021
Lynk facilitates global knowledge work by connecting professionals with opportunities across private marketplaces. It offers credentials for expertise, workflow tools, and aims to become the infrastructure for knowledge work.

Qupital

Series A in 2020
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.

Prenetics Limited

Private Equity Round in 2020
Prenetics Limited is a biotechnology company specializing in pharmacogenomics and genetic testing. Established in Hong Kong in 2007, the company offers iGenes PGx test to help physicians tailor drug treatments based on patients' genetic profiles, covering cardiovascular, psychiatric, pain, hypersensitivity, and commonly prescribed drugs. Additionally, Prenetics provides ONEdna, a DNA screening service offering gene analysis and actionable recommendations.

Ecoinno

Series A in 2020
Ecoinno is a Hong Kong Science Park-based company that specializes in the development of sustainable consumer packaging products. Utilizing its proprietary Green Composite Material™ (GCM™), which is derived from natural plant fibers and cellulose, Ecoinno aims to provide environmentally friendly alternatives to single-use plastics. The company focuses on creating a variety of products, including coffee capsules and disposable dishware, employing advanced processing technology to enhance the properties of its green composite materials. Ecoinno's mission centers on preserving the environment while offering innovative solutions to reduce plastic waste in consumer packaging.

WeLab Holdings

Series C in 2019
WeLab Holdings is a digital lending platform operator offering online and mobile lending products through platforms such as Wolaidai in China and WeLend in Hong Kong. It provides personal loans, balance transfers, and handset installment plans, and uses proprietary risk management technology to analyze unstructured mobile data to rapidly assess creditworthiness for individual borrowers. The company also serves small businesses through online lending and offers B2B fintech solutions by partnering with traditional financial institutions to extend fintech-enabled services to their customers. The business emphasizes data-driven credit decisions and aims to deliver accessible financing with competitive rates across its markets in Hong Kong and China.

Cloudbreakr

Seed Round in 2019
Cloudbreakr is a media analytics company that specializes in big data and AI-driven analysis, operating in Hong Kong, Taiwan, Malaysia, and Thailand. The company offers a brand marketing platform that allows users to create individual entrepreneur profiles and connect with social media influencers, facilitating the integration of these personalities into marketing campaigns. Cloudbreakr provides a suite of services including influencer and content discovery tools, customized analysis reports, and influencer marketing strategies. With its innovative technology and integrated solutions, the company serves over 100 multinational corporations and provides its platform to more than 10,000 marketers across the region.

Qupital

Series A in 2019
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.

Sandbox VR

Series A in 2019
Sandbox VR is a virtual reality company that provides fully immersive, location-based VR experiences powered by real-time full-body motion capture and advanced VR technology. The platform supports social, multiplayer gameplay, enabling teams to collaborate in shared narrative-driven adventures within a physical venue. Founded in 2016 and based in Los Angeles, California, Sandbox VR operates at locations including the Bay Area and Hong Kong. The company emphasizes premium, immersive experiences that merge real-world movement with virtual environments, aiming to deliver experiences akin to a holodeck where players explore storytelling-driven scenarios together.

StockViva

Seed Round in 2019
StockViva is a rapidly growing company based in Hong Kong that specializes in trading and investment analysis services. It offers a comprehensive platform for real-time analysis of various financial instruments, including stocks, foreign exchange, warrants, options, bonds, and commodities. By providing insights from financial key opinion leaders, StockViva equips users with investment tips, analysis, and market trends, allowing them to capitalize on opportunities without the need for constant market monitoring. The company is backed by notable investors, including reputable venture capital firms, and is managed by a skilled team with experience from major financial institutions.

AsiaYo

Series B in 2018
AsiaYo, founded in June 2013 and based in Taipei, is an online room booking platform that allows users to discover over 60,000 uniquely designed accommodations across 60 cities in Taiwan, Japan, Korea, Thailand, and Hong Kong. The platform connects local hosts with international travelers, enabling hosts to monetize their unused spaces. AsiaYo differentiates itself by offering promotional discounts and special coupons while imposing no service fees, allowing travelers to access accommodations that often surpass traditional hospitality standards at competitive prices. This approach not only enhances the travel experience but also supports local economies by promoting unique lodging options.

FunNow

Series A in 2018
FunNow is a leading lifestyle booking platform in Greater Southeast Asia, revolutionizing access to leisure and entertainment services. The platform offers on-demand bookings for dining, wellness, beauty, and accommodations, catering to the needs of modern consumers with convenience and efficiency. Operating in seven countries—Taiwan, Singapore, Hong Kong, Malaysia, Thailand, the Philippines, and Japan—FunNow encompasses four brands: FunNow, Eatigo, Niceday, and SaaS. With over 10,000 merchants and a rapidly growing user base of 8 million, FunNow creates a diverse ecosystem of curated lifestyle experiences. The company provides more than 20,000 instant booking options across various leisure and entertainment sectors, including travel, dining, and wellness services. By leveraging AI-powered yield management and digital transformation, FunNow enhances operational efficiency for service retailers while improving the overall customer experience. As it continues to expand, FunNow is dedicated to reshaping how people enjoy their leisure time.

En-trak

Seed Round in 2018
En-trak is a Hong Kong-based company that specializes in energy management solutions for commercial buildings. Founded in 2013, it offers a Smart Building IoT platform designed to optimize energy consumption and improve operational efficiency. Its key products include En-trak Energy for business, which centralizes and manages energy data on the cloud to facilitate informed decision-making; En-trak Energy for School, a tool that educates students on energy conservation; and En-trak Smart Lighting, a patented technology that provides intelligent control of office lighting. The company’s solutions leverage IoT-enabled sensors to aggregate data from existing meters, allowing building owners and facility managers to generate automated reports and receive live alerts, ultimately reducing energy costs and carbon emissions. En-trak has gained recognition and trust among a diverse clientele across Asia, including property owners, facility managers, corporations, government agencies, and educational institutions.

Sandbox VR

Seed Round in 2017
Sandbox VR is a virtual reality company that provides fully immersive, location-based VR experiences powered by real-time full-body motion capture and advanced VR technology. The platform supports social, multiplayer gameplay, enabling teams to collaborate in shared narrative-driven adventures within a physical venue. Founded in 2016 and based in Los Angeles, California, Sandbox VR operates at locations including the Bay Area and Hong Kong. The company emphasizes premium, immersive experiences that merge real-world movement with virtual environments, aiming to deliver experiences akin to a holodeck where players explore storytelling-driven scenarios together.

WeLab Holdings

Series B in 2017
WeLab Holdings is a digital lending platform operator offering online and mobile lending products through platforms such as Wolaidai in China and WeLend in Hong Kong. It provides personal loans, balance transfers, and handset installment plans, and uses proprietary risk management technology to analyze unstructured mobile data to rapidly assess creditworthiness for individual borrowers. The company also serves small businesses through online lending and offers B2B fintech solutions by partnering with traditional financial institutions to extend fintech-enabled services to their customers. The business emphasizes data-driven credit decisions and aims to deliver accessible financing with competitive rates across its markets in Hong Kong and China.

Prenetics Limited

Series B in 2017
Prenetics Limited is a biotechnology company specializing in pharmacogenomics and genetic testing. Established in Hong Kong in 2007, the company offers iGenes PGx test to help physicians tailor drug treatments based on patients' genetic profiles, covering cardiovascular, psychiatric, pain, hypersensitivity, and commonly prescribed drugs. Additionally, Prenetics provides ONEdna, a DNA screening service offering gene analysis and actionable recommendations.

GoBee.Bike

Series A in 2017
GoBee.Bike is a prominent dock-less bike sharing company operating primarily outside mainland China, with a presence in Hong Kong, France, Italy, and Belgium. The company aims to address last-mile transportation challenges by providing easy access to bicycles that can be unlocked with a mobile app. Users can conveniently pick up a bike, ride to their destination, and drop it off at various locations. GoBee.Bike promotes healthier living and environmental sustainability by encouraging cycling as a practical alternative to cars, thereby reducing urban congestion and the carbon footprint. By integrating fitness and leisure into daily commutes, GoBee.Bike seeks to make cycling an enjoyable and accessible mode of transportation for urban residents.

Daydaycook

Series B in 2017
DayDayCook was founded in December, 2012. They are Hong Kong’s largest cooking multimedia platform and have community with monthly users totaly more than 400,000. Today, as more and more users aspire to a higher quality of life, food safety, and health, DayDayCook has become a platform for original recipes and cooking advice, helping their users to maintain a healthy lifestyle. DayDayCook inspires a young generation to cook and enjoy both traditional and modern Asian recipes through a variety of distribution channels including digital and traditional publishing with high quality and easy-to-follow recipes. DayDayCook has millions of monthly viewers over its broad reach including website, mobile apps, videos, and books. With a strong and dedicated fan base including over 275,000 Facebook fans, DayDayCook also brings goods to the consumer through its e-commerce store 'The DayDayCook Shop'

Qupital

Seed Round in 2017
Qupital Limited is a fintech company that operates an online invoice trading platform designed to facilitate financing for businesses by allowing them to raise funds against their receivables. Established in 2016 and headquartered in Kowloon, Hong Kong, the platform connects Hong Kong-registered businesses with a diverse range of professional investors, including institutional investors and family offices. By enabling these businesses to upload invoices, Qupital allows investors to evaluate individual invoices and propose discount rates for advancing cash, thereby enhancing liquidity in the market. This innovative approach not only helps businesses reduce their financing costs but also provides investors with access to a new asset class of accounts receivables. Through its self-developed risk control model and strategic partnerships, Qupital aims to improve the efficiency of the financing process for cross-border e-commerce sellers.

Grana

Series A in 2016
Grana Group Limited is an online fashion retailer founded in 2014 and based in Wong Chuk Hang, Hong Kong. The company specializes in direct-to-consumer sales of wardrobe essentials for both men and women, offering a diverse range of clothing items such as T-shirts, shirts, sweaters, jeans, chinos, and dresses. Grana distinguishes itself by using high-quality fabrics sourced directly from garment factories, allowing it to provide stylish and well-made products at reasonable prices. The company ships to over 65 countries worldwide, ensuring a swift delivery of 1-2 days. Additionally, Grana operates an offline showroom called "The Fitting Room" in Hong Kong, where customers can try on clothing before making an online purchase.

Yeechoo

Funding Round in 2016
YEECHOO Ltd. is an online platform based in Central, Hong Kong, specializing in the rental of high-end designer dresses and accessories. Founded in 2013, the company aims to redefine the fashion industry by promoting the concept of "experience over ownership," allowing customers to access a vast selection of designer apparel without the high costs associated with purchasing. With partnerships with over 150 global designer brands, YEECHOO offers thousands of the latest season products, making it easy for users to rent stylish items for a specified period. The platform facilitates a seamless experience by handling delivery, collection, and dry cleaning after each rental. YEECHOO is expanding its services across Southeast Asia, providing customers in regions such as Macau, Mainland China, Taiwan, and Indonesia with access to glamorous fashion. Additionally, the company plans to launch a subscription service for everyday wear, further solidifying its position as a leader in the sharing economy and making high-quality fashion more accessible.

GoGoX

Series C in 2016
Founded in 2013, GoGoX is an Asian leader in app-based intra-city logistics. It connects businesses and individuals directly to drivers for real-time deliveries, offering convenience and efficiency. Operating across six countries with over 370 cities served, GoGoX facilitates millions of registered drivers.
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