Tai Mei Ti A P P·2025-11-07 09:29Core Insights - The collaboration between Alibaba Hong Kong Entrepreneurs Fund (AEF) and Tanggram aims to raise AUD 50 million (approximately RMB 230 million) by December 2026 to support AI companies in the Asia-Pacific region [1][4] - AEF has invested in over 80 startups since its establishment in 2015, with a recent focus on AI startups, leading to the creation of the NextGen fund dedicated to AI investments [1][2] - The partnership is seen as a way to expand AEF's funding sources and connect with local Australian projects, leveraging Alibaba's ecosystem to facilitate market entry into China and Southeast Asia [1][4] Investment Focus - The NextGen fund emphasizes AI applications rather than large language model projects, with a particular interest in open-source initiatives like DeepSeek [2] - There is a notable global awareness among Chinese AI entrepreneurs, including those in North America, indicating a shift towards international markets [2] Strategic Collaboration - The partnership with Tanggram represents AEF's global expansion and marks Tanggram's first foray into AI investment [4] - Tanggram, established in 2017, has attracted attention in Australia with its digital wealth management platform and aims to provide Australian pension and private equity funds access to global AI innovation [4] - The collaboration allows Australian private equity funds to invest in international AI projects through NextGen, capturing global growth opportunities in AI [4] Fundraising Structure - The fundraising plan will occur in three phases, with key fundraising milestones set for the first, third, and fourth quarters of 2026 [4]