Daniel Zhang, the departing chairman and leading govt of Alibaba, has joined Firstred Capital as a managing spouse, the Chinese language funding investmrent introduced on Thursday. “Daniel Zhang will partner with the fund’s founder, Liu Xiaodan, to explore a new future for merger and acquisition funds,” Firstred mentioned on its reputable WeChat account. The low-profile VC company’s portfolios come with semiconductor, organic, and puppy healthcare firms. When Zhang left his govt function inside Alibaba ultimate September, the e-commerce vast mentioned its former chair would assemble a future-oriented tech investmrent that Alibaba would inject $1 billion into. [Firstred Capital, in Chinese]
