BABA Stock Price Slightly up as alibaba.com Introduces the “Manifest Grants Program” for US Small Businesses

BABA stock is worth watching as auditors will view its books in Hong Kong.

Alibaba (NYSE:BABA) will dedicate a total of $750,000 in awards as part of its second annual grants program to aid American small and medium-sized businesses. Its goal is to help new business owners thrive in the digital age through e-commerce platforms.

The Alibaba.com Manifest Grants Program, one of the biggest B2B e-commerce platforms in the world and a division of Alibaba Group (NYSE:BABA), has just begun. Its goal is to recognize the inventiveness of US small and medium-sized businesses (SMBs) and strengthen the competitiveness of their offerings.

Gains For Alibaba And JD.Com Signal A Positive Week For Chinese Technology Companies.

The Alibaba.com Manifest Grants Program was created in collaboration with Hello Alice, a free tool that assists over one million small businesses with the launch and growth of their operations. 50 small enterprises each received a US $10,000 grant in 2021 after being chosen from a pool of more than 12,000 applicants. Nearly 80% of the recipients of this funding were people of color, and 78% of the winning companies were founded by women.

Alibaba.com and Hello Alice will once more collaborate this year to host and oversee the application process. In a continuing attempt to alleviate the challenges small firms encounter while scaling and obtaining capital for their operations, Alibaba.com has also chosen to increase this years grant pool by 50%. 50 small firms in the United States will each receive $10,000 in cash and $5,000 in logistics assistance when they place orders on Alibaba.com.

New Partnerships, BABA Stock Today

Other collaborators include Daymond John, the founder of FUBU, the crowdfunding website Indiegogo, the Amazon product research tool AMZScout, and Black Entrepreneurs Day. Together, these partners will provide participants in the Alibaba.com Manifest Grants Program with a wealth of resources to help them expand their enterprises. One lucky recipient will receive a one-on-one mentoring session with Daymond John, as well as the chance for all 50 beneficiaries to take part in a one-on-one crowdfunding campaign consultation with Indiegogo. BABA stock price was at 89.65 Thursday afternoon slightly up.

Featured Image- Megapixl @ Qwer230586

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Author: Jowi Kwasu
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