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).