The turbulence surrounding Jack Ma has now spread to his private equity firm.
Credit: Yunfeng Capital
It’s been a turbulent few months for Alibaba founder Jack Ma, ever since the Chinese government abruptly halted the initial public offering of his financial company Ant Group. Some of that turbulence has now spread to Yunfeng Capital, the private equity firm Ma set up in 2010 which has invested in some of China’s fastest-growing companies.
At The Wire, we periodically focus on prominent firms investing in China, introducing them to our readers and mapping their corporate and shareholding structures. So far, we’ve featured Hillhouse Capital, IDG Capital, and 5Y Capital. This time, we take a closer look at Yunfeng Capital, the firm with a reported $7.2 billion of assets under management according to PitchBook and ambitions to be a major player in China’s tech sector.A spokesperson for Yunfeng emailed The Wire to say that the figure from Pitchbook is not up-to-date but did not provide a more accurate figure.
A BRIEF HISTORY OF YUNFENG
Jack Ma co-founded Yunfeng more than
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