2016 2017 2018-19 2019-20 2020-21 2021-22 2022-23 2023-24
*The above rounding numbers are based on the AEF’s aggregated data as of March 31, 2024, including the investment data of AEF GBA Fund.
9 NEW INVESTMENTS
ScolioScan
Chazence
Immuno Cure
Yuan Planet
Isbim
Realeague
Orcauboat
Yue Shi Robot
Nika Optics
2 FOLLOW-ON INVESTMENTS
Kicks Crew
Wristcheck
AEF IMMERSION TRIP IN HANGZHOU

An immersive trip to Hangzhou was organized to our portfolio companies on January 22–25, 2024. This trip wasn’t just about visiting; it was an immersion into the strategic pillars that drive successful businesses. From building a brand to crafting robust business strategies, nurturing a strong corporate culture, and integrating ESG into operation, our extensive discussions on Innovation, Business Strategy, Corporate Culture and ESG etc were thorough and enlightening.

By fostering connections within the Alibaba ecosystem, the trip was also a collaborative venture for our founders to seek business network and create diverse opportunities for future partnerships.

Programme Coverage
Alibaba history and milestones
Alibaba ESG initiatives
Globalization under digital age
Advanced solutions of Alibaba Cloud
JUMPSTARTER 2023
Global Pitch Competition
JUMPSTARTER 2023, organized by Alibaba Hong Kong Entrepreneurs Fund, held its first-ever large-scale offline innovation and technology event along the Tsim Sha Tsui harbourfront in Hong Kong. The event took place from November 8 to 19, 2023 and seamlessly brought together various innovative technologies and artistic culture, attracting more than 500,000 participants. Additionally, JUMPSTARTER 2023 Global Pitch Competition, a platform for startups and entrepreneurs to showcase their businesses, was held on November 16 and 17 at the main stage of Tech by the Harbour.
HKAI Lab has continued to solidify its position as a leading AI ecosystem builder, driving the success of startups and empowering industries with AI solutions. The Lab embarked on two strategic initiatives that further enhanced its impact and reach.

The first initiative is a groundbreaking co-incubation program “BEAst” in Qianhai in partnership with The Bank of East Asia (China). It acquired fintech-related startups, providing them with invaluable resources such as proof of concept (PoC), domain knowledge and free usage of GPU computers.
HKAI Lab also formed a strategic alliance with the Hong Kong Metropolitan University, serving as the advisor to the university’s MetroChallenge.

HKAI LAB offers a 12-month Accelerator Program to commercialize AI inventions and technologies. Two accelerator cohorts are run every year.
24
Startups joined the HKAI Lab
accelerator program in 2023
121
Startups
30%
Startups have successfully fundraised
(The majority of these startups achieved a market valuation of more than US$10 million while several startups surpassed the remarkable milestone of more than US$25 million in valuation.)
*The above rounding number is based on the HKAI Lab’s aggregated data as of March 31, 2024.
BUILDING HONG KONG AS A CRADLE FOR
SUCCESSFUL ENTREPRENEURSHIP
2023-24
Issuer
Strategic Partner
A significant research report, “Building Hong Kong as a Cradle for Successful Entrepreneurship,” has been produced through the diligent strategic partnership of Alibaba Entrepreneurs Fund with Our Hong Kong Foundation.

This report presents a comprehensive assessment of the entrepreneurial landscape in Hong Kong and outlines a visionary strategic plan for nurturing future growth, based on insights from more than 70 stakeholders. The report proposes 14 policy recommendations across 5 key areas form cultivating entrepreneurial talent, supporting technology transfer and corporate interchange, improving access to finance, aiding in global market expansion to drawing in global talent and enterprises.
Venture Hours is a novel approach initiated by Alibaba Entrepreneurs Fund to enable entrepreneurs and startups to network and seek expert advice.

At Venture Hours, ideas will be pitched and feedbacks will be offered from the AEF team, investors and business practitioners.
139
Entrepreneurs
79
Meetings
24
Hours
SEED Foundation (SEED), a registered charity established since Dec 2021, dedicated to providing equal learning opportunities of digital economy’s critical future skills to Hong Kong’s youths, has had a successful year in scaling up.
Cloud Computing & UX/UI courses:
630 students completed various levels of our courses
  • no. of class hours conducted: total 1128 hours
  • no. of ECA field trips conducted: 63 tours involving 900 participants
  • no. of schools we have been delivering our courses to: 36
Total Number of Learning Hours Delivered (Since 2021)
  • Classes (17,688) + Field Trips (1,800): Total 19,488 Contact Hours
Workplace Experience Summer 2023
  • no. of students participated: 47
  • no. of companies participated: 7
IdeaPOP! 2023
  • no. of students: 396 students from over 50 schools
  • no. of mentorship sessions hours conducted: 123 hours
STaRTUp is a YouTube channel launched in September 2022, which is dedicated to showcasing the latest trends, ideas and innovations in the world of startups and entrepreneurship. In the year, the channel offers content tailored for aspiring innovators, including exclusive interviews with successful entrepreneurs, coverage of startup events and competitions, as well as in-depth insights specifically catered to founders.
All figures are based on the AEF's data over the 12-month period ended March 31, 2024 unless otherwise stated.