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GBB Completes USD$3.8M Convertible Note Financing Led by Alibaba Hong Kong Entrepreneurs Fund


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HONG KONG, Feb. 23, 2021 /PRNewswire/ Great Bay Bio Holdings Limited (hereinafter referred to as GBB ) today announced it has completed a USD$3.8M Convertible Note Financing. Alibaba Hong Kong Entrepreneurs Fund (hereinafter referred to as AEF ) led the investment round with participation from existing investors including Futec Financial Group (an affiliate of HeungKong Group), Fengde Capital, and other new investors. The investment will mainly be used to support the commercialization of two GBB self-developed platforms, namely Klone4.0™, an AI-enabled cell line development platform, and AlfaMedX
®, an AI-enabled cell culture media development platform. The company also plans to use the new funding to develop new AI platforms, as well as bolster its senior management team. ....

Hong Kong , Cindy Chow , Alibaba Hong Kong Entrepreneurs Fund , Executive Director , Alibaba Hong Kong Entrepreneurs , Great Bay Bio , ஹாங் காங் , சிண்டி சோவ் , அலிபாபா ஹாங் காங் தொழில் முனைவோர் நிதி , நிர்வாகி இயக்குனர் , அலிபாபா ஹாங் காங் தொழில் முனைவோர் , நன்று வளைகுடா உயிர் ,