Yunfeng Capital

Yunfeng Capital (YF Capital; ) is a Shanghai-based private equity firm founded in 2010. It was founded by Jack Ma (founder and former executive chairman of Alibaba) and David Yu (founder of Target Media).

Background
Yunfeng Capital was founded in 2010 by Jack Ma and David Yu. 'Yunfeng' is the result of combining the Chinese first names of Jack (Yun) Ma and David (Feng) Yu.

The firm focuses on early and growth stage investments in companies from various sectors such as technology, healthcare, financial services and media. In addition, it provides consultation and advisory services to its selected portfolio companies.

In October 2022, The Information reported the firm was struggling to raise money in China due to domestic investors being concerned on the political risks of backing a firm affiliated with Ma.

Yunfeng Capital is headquartered in Shanghai with additional offices in Beijing, Hangzhou and Hong Kong.

Notable investments include Kuaishou, Xiaomi, XPeng and Youku.

Yunfeng Financial Group
In 2015, Yunfeng Capital (through Yunfeng Financial Holdings and several other investment vehicles) acquired Reorient Group Limited, a brokerage firm listed in Hong Kong.

In November 2016, Reorient Group Limited, was renamed to Yunfeng Financial Group. Yunfeng Financial Group is listed on the Stock Exchange of Hong Kong (ticker symbol: 376).

In August 2017, the group agreed to acquire the Asia unit of MassMutual for US$1.7 billion which was completed in November 2018. In March 2019, the unit was rebranded to YF Life.

As of 2021, 47% of the group's shares are effectively owned in aggregate by David Yu and Yunfeng Capital.