Chinese e-commerce company Alibaba Group is investing in the funds of Jerusalem Venture Partners (JVP), one of Israel's leading venture capital groups.
中国电商巨头阿里巴巴准备投资Jerusalem Venture Partners旗下基金，JVP是以色列主要的风险投资集团之一。
JVP managing partner Kobi Rozengarten announced the investment on Monday during the firm's annual meeting, without giving details.
The Calcalist financial newspaper said on its website the investment amounted to tens of millions of dollars.
JVP has nearly $1 billion under management. Calcalist said the investment was Alibaba's first in a venture capital fund.
A delegation of around 20 officials from Alibaba is in Israel this week to meet with JVP and attend a conference on cybersecurity technology.