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
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.
The guanxi game has defined China's modern business culture — and no one played it better than Xu Jiayin, the CEO of Evergrande. Now, however, the game seems to have changed on him.
The member of European Parliament talks about being sanctioned, a new EU Taiwan report, and why the CAI was a slap in the face of the incoming Biden administration.
