Alibaba Group, based in Hangzhou, China, was founded in 1999 and invests in startups primarily in China. It has a diverse portfolio of investments, including companies such as Didi Chuxing and Alibaba Cloud. The fund typically invests in rounds with 2-3 participants and has been active in the mobile and service industry sectors. With a focus on companies that are 6-10 years old, Alibaba Group has a preference for startups with fewer founders. The fund has a history of high-value deals, with investments often exceeding $100 million. In addition to its core commerce business, Alibaba Group also operates in cloud computing, digital media and entertainment, and innovation initiatives.