Yunfeng raises more than $1b for China fund
Yunfeng Capital, a Chinese PE firm set up by Jack Ma and David Yu, founders of Alibaba Group and Target Media, respectively, has reached a final close of around $1.1 billion on its second fund.
Yunfeng raised its debut fund in 2010 with capital from around 20 well-known Chinese entrepreneurs - known as co-founders, although they are passive investors. Fund II is understood to include a number...
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