China's Alibaba-backed GBA Fund seeks to raise $257m by mid 2022

China's Alibaba-backed GBA Fund seeks to raise $257m by mid 2022

Hong Kong. Photo by Ruslan Bardash on Unsplash

AEF Greater Bay Area Fund (AEF GBA Fund), backed by Alibaba Entrepreneurs Fund, is in the market to raise as much as HK$2 billion ($257 million).

The GBA Fund, which is managed by venture capital firm Gobi Partners, aims to make the final close by mid-2022, AVCJ reported on Tuesday.

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