Jack Ma-Backed Yunfeng Capital Completes $2.5B Fundraising

Yunfeng Capital, co-founded by Alibaba’s founder Jack Ma has raised US$2.5 billion for its new fund, according to a security filing dated August 3 with the U.S. Securities and Exchange Commission. Shanghai-headquartered Yunfeng Capital was co-founded by Alibaba’s founder Jack Ma and founder of Target Media, David Yu. It manages a number of USD funds, RMB funds, as well as special funds. Yunfeng Capital focuses on backing start-ups in sector including the Internet, technology, healthcare, media and entertainment, financial services, logistics …

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