Alibaba Group
Other subsidiaries of Alibaba include Hangzhou Ali Venture Capital and Alibaba Entrepreneurs Fund. Hangzhou Ali Venture Capital (杭州阿里创业投资) is a company 80% owned by Jack Ma and another manager of Alibaba. For regulatory purpose, Alibaba Group did not own the company directly, but by pleading. It was considered as a subsidiary and/or consolidated entity of Alibaba Group. Ali Venture Capital is a shareholder of Beijing Enlight Media and a domestic shareholder of China Unicom. The Alibaba Entrepreneurs Fund is a non-profit making initiative launched by Alibaba Group in 2015.