Jack Ma’s Yunfeng Capital to Invest RMB500 million in Guangzhou Baiyunshan Pharmaceutical

After the announcement of its RMB100 million (around US$16.3m) plan to set up a pharmaceutical production joint venture, Guangzhou Baiyunshan Pharmaceutical has further revealed that it has recently received RMB500 million funding via a private placement from Yunfeng Capital, the investment vehicle co-founded by Alibaba‘s Jack Ma. Baiyunshan said that it has signed a letter […]