Yunfeng nets $450m from Alibaba Health stake sale

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By Jonathan Breen
10 Jul 2020

Chinese private equity firm Yunfeng Capital trimmed its position in Alibaba Health Information Technology with an upsized block trade on Thursday, its second sale of the stock this year.

Yunfeng, co-founded by Alibaba Group Holding’s Jack Ma and other Chinese entrepreneurs in 2010, turned to investors initially looking to sell 136.9m shares in Alibaba Health, following a 157.9% surge in the stock price so far this year.

Sole bookrunner CICC launched an accelerated bookbuild for the trade ...

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