China: Yunfeng backs Yao123.com; BAI funds Zaozuo; Qiming leads $29m round in drug developer

China: Yunfeng backs Yao123.com; BAI funds Zaozuo; Qiming leads $29m round in drug developer

Photo: Reuters

Private equity firm Yunfeng Capital, backed by e-commerce billionaire Jack Ma, has co-led a $17-million Series A round in online drug retailer Yao123.com, while Zaozuo, China’s version of IKEA, has secured $20 million in funding from Bertelsmann Asia Investments and others.

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