Hongfeng Capital

Yunfeng Capital is a private equity firm based in Shanghai, China, investing in early and growth-stage companies across technology, healthcare, financial services, and media sectors. The firm manages assets totaling $10 billion, providing not only capital but also comprehensive consultation, advisory services, and entrepreneurial guidance to support portfolio companies in their development, management, and brand building. Notable co-founders include Jack Ma of Alibaba and David Yu of Target Media, alongside Yu Zhu Shi (Giant Interactive), Yong Hao Liu (New Hope Group), Guo Jun Shen (Intime Investment), and Jason Jiang (Focus Media). Yunfeng Capital has made significant investments, notably leading a $3 billion funding round for Kuaishou Technology in 2019. The firm was founded in 2010 by Jack Ma and David Yu.