Yunfeng Capital, a private equity firm founded by Alibaba Group Holding Ltd's Jack Ma, has closed a new investment fund after raising $1.1 billion, a person with direct knowledge of the matter told Reuters on Thursday.The fund, Yunfeng Fund II, L.P., comes at a time of growing competition for technology deals in China, with the value of announced mergers and acquisitions up 118 percent so far in 2014 from a year prior at $18.9 billion, according to Thomson Reuters data.Yunfeng, established in 2010 by some of China's high-profile entrepreneurs, previously raised $1.5 billion for two funds, co-founder David Yu told Reuters in 2011. (link.reuters.com/mev67v)The firm has accelerated its investment activity in recent months, teaming up with Alibaba to purchase into pharmaceutical data provider company CITIC 21CN Co Ltd and Youku Tudou Inc .
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.4% or $-0.14/share to $35.09. In the past year, the shares have traded as low as $31.38 and as high as $38.73. On average, 772553 shares of TRI exchange hands on a given day and today's volume is recorded at 912700.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.34% or $-0.13/share to $38.16. In the past year, the shares have traded as low as $33.08 and as high as $42.10. On average, 735618 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 578024.
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