Alibaba.com Expands Manifest Grants Program

Alibaba.com Expands Manifest Grants Program
  • Alibaba Group Holding Ltd’s BABA business unit Alibaba.com has added four program partners to its Manifest Grants Program.
  • The Manifest Grants Program, designed to support U.S.-based small and mid-sized businesses, has committed $750,000 to help new entrepreneurs navigate through ecommerce channels, established in cooperation with Hello Alice.
  • The partners engaged with the Manifest Grants Program include Black Entrepreneurs Day, Indiegogo, Payoneer Global Inc PAYO, and AMZScout.
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  • The organizations will offer Alibaba.com Manifest Grants Program applicants and fifty grant recipients’ resources, educational opportunities, and marketing tools to support the growth of their businesses.
  • In 2021, Alibaba.com selected fifty small businesses from a pool of more than 12,000 applicants to receive the grants, of which 80% were persons of color, and 78% of the winning businesses were founded by women.
  • Price Action: BABA shares are trading higher by 3.48% at $83.25 on the last check Tuesday.

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