Yunfeng Capital, co-founded by Alibaba’s founder Jack Ma has raised US$2.5 billion for its new fund, according to a security filing dated August 3 with the U.S. Securities and Exchange Commission.
Shanghai-headquartered Yunfeng Capital was co-founded by Alibaba’s founder Jack Ma and founder of Target Media, David Yu. It manages a number of USD funds, RMB funds, as well as special funds. Yunfeng Capital focuses on backing start-ups in sector including the Internet, technology, healthcare, media and entertainment, financial services, logistics and consumer services in China.
Yunfeng Capital often invests along with Alibaba, including investments in many Alibaba-affiliated firms like financial service giant Ant Financial, logistics platform Cainiao, local services provider Koubei, and Alibaba’s sports unit Ali Sports.
Some of the unicorns in Yunfeng’s portfolio include used car e-commerce platform Guazi, new energy vehicle start-up Xiaopeng Motors, online English education platform Vipkid, Chinese AI Firm Yitu Technology, and short-term lodging sharing platform XiaoZhu.com.
The fund’s most recent activities include joining Shenzhen-listed Chinese biopharmaceutical company Hybio Pharmaceutical in buying German specialty pharmaceutical firm AMW GmbH last month, leading a US$22 million series A Round in Chinese Big Data Firm Dtwave, and investing US$260 million in biomedical firm Brii Bio along with Sequoia Capital in May.