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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When China announced it was ending quarantine requirements for incoming travelers, Chinese people collectively picked up their phones to search popular travel apps like Ctrip and Qunar. Owned by travel giant Trip.com, these apps helped Chinese travelers explore the world pre-pandemic and facilitated the human-to-human interactions that drove China's rise. But many of today's travelers seem to be sticking closer to home, and their hesitation to get back to the jetsetting habits of the past 20 years has far-reaching implications — especially for Trip.com.
The professor talks about China's real estate bubble; if China can develop a modern financial system without rule of law; and why it's not China that is reshaping the global order, but the world's response...
