Alibaba, Yunfeng Lead $140M Round In Chinese Cloud Services Provider Qiniuyun

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Alibaba Group Holding Ltd. and Yunfeng Capital, an investment vehicle controlled by Alibaba founder Jack Ma, have made a RMB1 billion (US$140 million) strategic investment in enterprise cloud services provider Qiniuyun to strengthen the Chinese e-commerce giant’s own cloud services business.

China Money Network

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