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.

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.

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