Yunfeng Capital, the venture firm set up by Alibaba Group founder Jack Ma, has rolled out a $157milion investment fund jointly with the cloud computing unit of its parent company, AltAssets reports. The Cloud Fund will target companies using the Aliyun operating system.
The fund will finance cloud computing companies and developers building applications for Aliyun. It is the new smartphone operating system that Alibaba Cloud Computing launched in July.
Click here for the story from AltAssets.