Jack Ma bucks China private equity downturn, raises $2.5bn

Investors show faith in the Alibaba founder's golden touch as his Yunfeng Capital pulls off a lucrative funding round amid a wider downturn. E-commerce rival Suning is among the investors.

Jack Ma bucks China private equity downturn, raises $2.5bn

What are the chance of a China-born private equity fund successfully closing a multibillion-dollar fundraising, especially as liquidity notably dries up For most, the odds are extremely long.

But when you take the Alibaba founder’s influence into consideration, it may be a different story.

Yunfeng Capital, a Shanghai-headquartered private equity firm co-founded by Jack Ma, disclosed on Tuesday that it had closed the $2.5 billion fundraising. According to a ...

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