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.

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