Share this article Share this article HONG KONG, Feb. 23, 2021 /PRNewswire/ -- Great Bay Bio Holdings Limited (hereinafter referred to as "GBB") today announced it has completed a USD$3.8M Convertible Note Financing. Alibaba Hong Kong Entrepreneurs Fund (hereinafter referred to as "AEF") led the investment round with participation from existing investors including Futec Financial Group (an affiliate of HeungKong Group), Fengde Capital, and other new investors. The investment will mainly be used to support the commercialization of two GBB self-developed platforms, namely Klone4.0™, an AI-enabled cell line development platform, and AlfaMedX ®, an AI-enabled cell culture media development platform. The company also plans to use the new funding to develop new AI platforms, as well as bolster its senior management team.