Jack Ma's Yunfeng Capital leads $600m round in Xingyun

Jack Ma's Yunfeng Capital leads $600m round in Xingyun

Source: Andy Li/Unsplash

Xingyun Group, a Chinese firm that offers digital supply chain services to small and medium-sized merchants, has pocketed about $600 million in a Series C2 round of financing led by Jack Ma-backed private equity (PE) firm Yunfeng Capital.