Chinese private equity firm Yunfeng Capital, co-founded by Alibaba Group Holding Ltd's Jack Ma, is raising up to $1 billion in its second fund, a person with knowledge of the matter told Reuters on Tuesday. Yunfeng, established by high-profile Chinese entrepreneurs in 2010, raised $1.5 billion in its debut fund in 2011, and has targeted investment in technology, media and telecommunications (TMT) related companies, as well as healthcare and consumer products.Yunfeng's investments include Alibaba, Beijing Sogou Technology Development Co Ltd and biotech firm Shenzhen BGI Genemics Technology Co Ltd, according to Thomson Reuters data.The latest fundraising comes at a time of growing competition for deals in China's TMT sector, with the value of announced mergers and acquisitions so far this year up 87 percent from a year earlier at $5.6 billion, according to Thomson Reuters data.Giant Interactive Group Inc, whose chairman Yu Zhu Shi is a co-founder of Yunfeng, has already invested $20 million in Yunfeng Fund II, L.P., according to a filing with the U.S. securities regulator.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 1.14% or $0.38/share to $33.81. In the past year, the shares have traded as low as $31.09 and as high as $38.73. On average, 765463 shares of TRI exchange hands on a given day and today's volume is recorded at 784499.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.7% or $0.26/share to $37.36. In the past year, the shares have traded as low as $31.79 and as high as $42.10. On average, 936950 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 587254.
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