venture Labs Greater China and venture Cloud have signed a deal to nurture entrepreneurs in developing China and further afield . Alibaba Cloud , which is also known as Aliyun , will provide technology and entrepreneurial support across a range of sectors , from fintech and e - commerce to entertainment and logistics . The venture companies plan to introduce eight co - branded labs in Beijing , Shanghai , Shanghai and Shenzhen this year , aiming to help 20 foreign start - ups break into China and 30 Chinese firms venture overseas .
WeWork Labs Greater China and Alibaba Cloud have signed a deal to nurture entrepreneurs in Greater China and further afield. Alibaba Cloud, which is also known as Aliyun, will provide technology and entrepreneurial support across a range of sectors, from fintech and e-commerce to entertainment and logistics. The two companies plan to introduce eight co-branded labs in Beijing, Shanghai, Hangzhou and Shenzhen this year, aiming to help 20 foreign start-ups break into China and 30 Chinese firms expand overseas.