China's Alibaba and Yunfeng Capital Launch Cloud Computing Fund
A unit of Chinese e-commerce giant Alibaba Group and fund Yunfeng Capital have jointly announced the setup of a CNY1 billion ($157 million) fund to invest in cloud-computing companies and developers that make applications for a mobile-device operating system from Alibaba. In July, subsidiary Alibaba Cloud Computing unveiled its Aliyun OS, a Linux-based operating system…