Two months after making its first investment in Israel, Chinese e-commerce giant Alibaba is partnering with venture capital firm JVP (Jerusalem Venture Partners) to invest in promising startups. The amount of money involved was not disclosed.
An Alibaba spokesperson told TechCrunch “the JVP investment is in line with our mission of supporting innovation and startups,” but did not offer more specific information about the kind of companies it will be investing in.