Yunfeng Capital
Of the same mind
So now we know, or at least we are in a position to make an informed guess: Alibaba Group is worth $127.6 billion. Others would puts its value at north of $150 billion, but that’s not the point. More interesting is the process that led to this estimate...
Tiger Global picks up Alibaba stake for $199m
Tiger Global has agreed to acquire a minority stake in Alibaba Group from Chinese online game developer Giant Interactive Group for approximately $199.1 million. Giant originally invested $50 million in 2011 via limited partnerships managed by Yunfeng...
Yunfeng Capital, Alibaba to buy CITIC 21CN for $171m
Yunfeng Capital and Alibaba Group together plan to buy a 54.3% stake in pharmaceutical data provider CITIC 21CN, a Hong Kong-listed subsidiary of Chinese conglomerate CITIC Group, for HK$1.33 billion ($171 million).
PE-controlled Chinese cinema equipment maker files for US IPO
Chinese digital cinema equipment manufacturer GDC Technology, a portfolio company of The Carlyle Group and Yunfeng Capital, has announced plans to raise up to $75 million through a NASDAQ IPO. With only two Chinese firms managing to go public in the US...
Groupon’s China business to merge with Tencent
Group-buying website Groupon is merging its China operations, known as Gaopeng, with a similar site owned by domestic internet company Tencent Holdings. Gaopeng was created in late 2010 as a joint venture between Groupon and Tencent. The Tencent Collaboration...
Alibaba to buy back 20% of Yahoo’s stake for $7.1b
Alibaba Group has agreed to repurchase about a 20% stake in itself from Yahoo for $7.1 billion ahead of an initial public offering. The US internet company bought 40% of Alibaba - founded by Jack Ma (pictured) - in 2005, paying $1 billion plus ownership...
Columbia Capital invests $20m in Cloud Sherpas
US venture capital firm Columbia Capital has invested $20 million in Cloud Sherpas, a newly merged cloud computing solutions provider focused on Asia Pacific and the US.
Investor consortium pays $1.6b for 5% of Alibaba
Silver Lake, Yunfeng Capital and other investors have purchased a 5% stake in Chinese e-commerce firm Alibaba Group, worth $1.6 billion. The transaction is thought to be the tender offer made to employee shareholders and option holders, as well as certain...
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...
Carlyle-led group buys into Asian cinema digital server provider
A consortium led by The Carlyle Group has purchased an 80% stake in GDC Technology, Asia’s largest cinema digital server provider. The investment was led by the $1 billion Carlyle Asia Growth Partners IV and the other participants included Yunfeng Capital,...
Alibaba’s Jack Ma wants to buy Yahoo
Jack Ma, the founder and CEO of Chinese technology company Alibaba Group, is interested in buying Yahoo and has held discussions with other potential buyers about options.
PE firms offer Alibaba staff a liquidity event
The timing of Silver Lake's investment in Alibaba Group, alongside parties including DST Global, Yunfeng Capital, Temasek Holdings, was curious. Days earlier Silver Lake reportedly contacted Yahoo as one of several private equity firms considering a bid...
Private equity firms invest in China's Alibaba Group
Silver Lake and DST Global will invest in leading Chinese technology firm Alibaba Group as part in order to provide liquidity to Alibaba employees. Chinese private equity firm Yunfeng Capital, which was founded by Alibaba founder Jack Ma, and Singapore...
Group-buying sites remain a VC risk
Everyone loves a bargain, but when it comes to investing in China’s group-buying space, is the joke on the venture capitalists?
Groupon’s China JV closes offices, fires staff
GaoPeng, the Chinese group buying site run as a joint venture between Groupon, Tencent Holdings and local private equity firm Yunfeng Capital, has closed offices in some cities and is laying off employees. Sources familiar with the situation told The...