Red flags: Alibaba's Ma and Ma's private equity firm


  • Alibaba Premium
  • Thursday, 17 Jul 2014

HONG KONG/BEIJING: When a fast-growing private equity firm co-founded by Jack Ma sought funding from institutional investors for the first time in early 2013, almost all had one major concern, its chairman said: was the firm independent from Ma, the influential executive chairman of Alibaba Group Holding, China's e-commerce giant. 

The investors were worried that Yunfeng Capital might not put their interests first, said David Yu, a long-time friend and business associate of Ma, speaking to Reuters in a rare interview at his Hong Kong office on July 3. 

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Jack Ma , private equity firm , Yunfeng , Alibaba

   

Next In Tech News

Analysis-Outage shows how Amazon's complex cloud makes backup plans difficult Premium
Generali launches corporate cyber insurance services Premium
Mercedes beats Tesla to hands-free driving on the Autobahn Premium
Russia blocks Tor web anonymity service Premium
Meta's WhatsApp will allow crypto payments through Novi wallet in U.S Premium
Britain agrees digital trade deal with Singapore Premium
Instagram chief and lawmakers clash over app’s real world harms Premium
Starbucks union drive spurred by barista burnout from mobile orders Premium
EU lays out plan giving rights to Uber, Deliveroo drivers Premium
U.S. senators announce bipartisan social media data transparency bill Premium

Others Also Read


Vouchers