Yunfeng Capital creates cloud computing fund with Alibaba
Yunfeng Capital, the venture capital firm set up by Alibaba Group founder Jack Ma, is to create a RMB1 billion ($157 million) fund with Alibaba Cloud Computing. It will invest in cloud computing businesses and developers building applications for Aliyun OS, the e-commerce company’s new operating system.
Aliyun can run Android apps, but the company wants to create a community of cloud-based services that facilitate access to Alibaba's Taobao Mall and Taobao Marketplace, two of the largest online retail...
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