Alibaba announced the launch of two entrepreneurial funds in Taiwan and Hong Kong today, tapping into the burgeoning startup communities on China’s fringe.

The Taiwan fund is worth NT$10 billion ($306 million USD), while the Hong Kong fund is valued at HK$1 billion ($130 million USD).

Investments will be in line with Alibaba’s existing ecosystem including e-commerce, logistics, mobile, cloud computing and finance, according to a release from Alibaba.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com