Yunfeng seeks $1b for second China tech fund
Yunfeng Capital, a Chinese private equity firm established by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, is raising around $1 billion for its second fund. A first close of $600 million came last year and a final close will take place no later than June.
Yunfeng raised its debut fund in 2010, sourcing capital from around 20 well-known Chinese entrepreneurs - known as co-founders, although they are passive investors. In early 2011, Yu said the firm had...
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