China: Alibaba Group puts $140m in cloud service firm; Akeso raises $45m

China: Alibaba Group puts $140m in cloud service firm; Akeso raises $45m

Later stage investments in Chinese innovative companies continue.  Alibaba and Yunfeng Capital have jointly invested $140 million in cloud service provider Qiniuyun while Shenzhen GTJA Investment has led a $45-million funding in Akeso Biopharma, a Guangdong-based antibody product manufacturer.

Alibaba, Yunfeng Capital invest $140M in cloud services firm Qiniuyun

Jack Ma’s Alibaba Group and Yunfeng Capital have injected a RMB1 billion ($140 million) strategic investment in Chinese cloud services firm Qiniuyun, China Money Network reported citing a company announcement.

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