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Alibaba's nonprofit fund invests in 3 more Hong Kong companies

Alibaba GroupHolding Ltd.'s nonprofit Hong Kong Entrepreneurs Fund will investin three early-stage Hong Kong firmsas part of its second round of investments, according to a Sept. 29 newsrelease.

The companies are fashion e-commerce retailer Grana,online-to-offline food delivery company NOSH and food and lifestyle content creatorDayDayCook. Each will get a minority investment from the fund while also beinggiven access to Alibaba's services to expand their local and global footprints.

Alibaba previously selected three companies for the nonprofit fund's firstinvestment round in May.