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Editor's take: The week that was — Dec 4-9

This edition features the monthly startup fundraising review and trends from India and Greater China, LP-GP news, and a recap of major deals. ....

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Jada Fund of Funds invests in Alibaba- and PIF-backed eWTP's Fund II

Jada Fund of Funds, a subsidiary of Saudi Arabia’s PIF, has announced its investment in eWTP Arabia’s $1 billion Fund. ....

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KSA Business: STC, eWTP and Alibaba partner for public cloud services

KSA Business: STC, eWTP and Alibaba partner for public cloud services
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STC, eWTP and Alibaba partner for public cloud services

STC, eWTP and Alibaba partner for public cloud services
RIYADH, December 29, 2020
Saudi Telecom Company (STC) and eWTP Arabia Capital, a leading venture capital fund, said that they will partner with Alibaba Cloud, the digital technology backbone of Alibaba Group to provide high-performance public cloud service in the Kingdom.
Under the partnership, STC will be able to leverage the proven cloud-based technologies and services of Alibaba Cloud to accelerate the growth of local technology ecosystem, reported
Saudi Press Agency (SPA).
Alibaba Cloud is planning to invest up to $500 million in the Kingdom over the next five years. The investment will including provide world-class comprehensive resources to help build sustainability and ensure localization. ....

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Saudi Arabia all set to be operations hub for cloud computing technologies

Saudi Arabia all set to be hub for cloud computing technologies
STC, eWTP Arabia Capital, and Alibaba Cloud forge partnership
December 28, 2020
RIYADH Saudi Telecom Company (STC), the largest telecom operator in the Kingdom, and eWTP Arabia Capital, one of the largest venture capital funds in the region, jointly announced on Monday that they will partner with Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group to provide the high-performance public cloud service in Saudi Arabia.
The company views the Kingdom as the strategic epicenter of its operations in the region and is keen to make its contribution to Saudi Arabia’s Vision 2030. ....

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