The Latest in IT Security

Exclusive – Red flags: Alibaba’s Ma and Ma’s private equity firm

17
Jul
2014

By Stephen Aldred and Matthew Miller HONG KONG/BEIJING (Reuters) – 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, Chinas 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. Yu said the independence of Yunfeng from Ma was the number one concern institutional investors had.

Comments are closed.

Categories

SATURDAY, NOVEMBER 18, 2017

Featured

Archives

Latest Comments

Social Networks