Jack Ma-Founded Fund to Invest in Unit of Milk Producer By Jack Ma-Founded Fund to Invest in Unit of Milk Producer

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HONG KONG—A private-equity fund co-founded by Alibaba Group Holding Executive Chairman Jack Ma will invest in a unit of a milk producer listed in Shanghai.
Mr. Ma's Yunfeng Capital Management Co. and China-based Citic Private Equity Funds Management Co. will invest in the unlisted unit of Inner Mongolia Yili Industrial Group Co. by buying new shares valued at at least two billion yuan (US$320 million), Yili said

source: http://online.wsj.com/articles/fund-co-founded-by-alibabas-jack-ma-to-invest-in-unit-of-milk-producer-1402029757

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