www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Technology

Alibaba's Ma and Ma's private equity firm

(Agencies) Updated: 2014-07-18 10:33

Ties that bind

There are plenty of links between Alibaba and Yunfeng, a firm Ma and Yu founded in 2010 and which has a total of $3 billion under management.

The two entities have invested in each other, according to filings from Chinese online gaming firm Giant Interactive Group Inc with the US Securities and Exchange Commission, and sportswear maker China Dongxiang Group Co Ltd with the Hong Kong stock exchange.

Yuzhu Shi, the chairman of Giant, and Yihong Chen, the CEO of Dongxiang, are both founding partners of Yunfeng, according to Yunfeng's website.

Ma also has personal money invested in China-based Yunfeng, Alibaba's filings show.

Alibaba's Ma and Ma's private equity firm
The big gamble that paid off
Alibaba's Ma and Ma's private equity firm
Alibaba updates prospectus to expand board of directors
Giant and Dongxiang were also among around a dozen investors that poured about $500 million into Alibaba in 2011 via Yunfeng, the two firm's filings show. The investment was part of a $1.6 billion tender offer to Alibaba employees that allowed some Alibaba staff to cash out their shares in the company.

Yunfeng and Alibaba have also invested in at least three deals together, starting in 2010 when they paid $24 million for a combined 16 percent stake in a Chinese online search engine company called Sogou Inc, a subsidiary of Sohu.com Inc.

Yu said the firm told institutional players that Ma did not sit on its investment committee, which decides which companies to invest in. Yunfeng also showed investors documents to prove it sourced its deals independently, Yu added.

Among the investors that bought into the fund were Singapore sovereign wealth fund GIC, Yu said. Alibaba's arch-rival, Chinese Internet firm Tencent Holdings Ltd, was another.

Yu declined to say which entities expressed concern about Yunfeng's independence or if any of those that did chose not to invest. GIC did not respond to calls and emails seeking comment. Tencent declined to comment.

"There is a very clear separation of duties," said Yu, who sits on the four-member committee that makes investment decisions.

According to Alibaba's SEC filings, Ma donates any profits he makes from Yunfeng to charity.

Ma and Yu agreed to form the private equity firm to invest some of their personal wealth after a boat ride in June 2009 at West Lake in the eastern Chinese city of Hangzhou, Alibaba's home base.

Also on the boat was global financier George Soros, who was visiting Alibaba's headquarters, and who discussed their idea of helping a new generation of entrepreneurs in China, Yu said. Soros Fund Management declined to comment.

This year, Yunfeng has invested around $182 million alongside Alibaba in two deals totaling close to $1.4 billion. The most recent was in April, when the two agreed to pay $1.22 billion for an 18.5 percent stake in online video website Youku Tudou Inc, a business akin to Google Inc's YouTube.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 性欧美巨大的视频 | 久久成人免费观看草草影院 | 久草影音 | 国内精品线在线观看 | 亚洲美女视频免费 | 日韩中文字幕免费观看 | 亚洲三级免费观看 | 九九视频在线观看视频 | 亚洲国产日韩女人aaaaaa毛片在线 | 国产波多野结衣中文在线播放 | 老司机亚洲精品 | 老妇激情毛片 | 一级a毛片免费观看久久精品 | 欧美第一页草草影院浮力 | 中文字幕亚洲一区二区v@在线 | 国产高清美女一级毛片久久 | 在线免费观看一级片 | 国产精品18久久久久网站 | 免费永久观看美女视频网站网址 | 久久久网站亚洲第一 | 国产精品成人网 | 欧美成人看片黄a免费 | 久久久久久a亚洲欧洲aⅴ | 亚洲男人的天堂网 | 美女视频网站黄色 | 日本一区二区不卡久久入口 | 亚洲天堂男人网 | 国产免费一级在线观看 | 久久免费成人 | 午夜爽爽爽男女免费观看hd | 怡红院视频在线观看 | 久久精品中文字幕不卡一二区 | 美女擦逼| 91在线 | 亚洲 | 日韩日b视频 | 在线视频第一页 | 国产一久久香蕉国产线看观看 | 欧美视频一区二区专区 | 好叼操这里只有精品 | 久久久久久福利 | 欧美xxxx精品另类 |