Yunfeng Capital, the private equity firm co-founded by Alibaba’s [BABA:US] founder Jack Ma and Target Media's David Yu, raised USD2.5b for its latest investment pool, according to China Money Network on August 8. Suning.com's [002024:CH] subsidiary Suning International said to contribute no more than USD210m. Yunfeng Capital’s new fund will focus on the investment in the fields of the internet, e-commerce, media and entertainment, business services, technology, and healthcare in Greater China.
Yunfeng operates several RMB funds, USD funds and special funds, and finished the financing of a dollar-dominated fund of USD1.1bn in 2014. Many of its investments followed Alibaba’s steps, including Alibaba-affiliated Ant Financial and logistics