Giant's investment by the end of December will be made through an investment in Yunfeng E-Commerce Funds, which is managed by Yunfeng Capital, a China-based venture capital firm co-founded by Alibaba chief executive Jack Ma and Shi Yuzhu, president of New York-listed Giant Interactive.
Giant Interactive Group, a China-based online games developer, has agreed to invest $50m in local e-commerce company Alibaba Group.
Giant’s investment by the end of December will be made through an investment in Yunfeng E-Commerce Funds, which is managed by Yunfeng Capital, a China-based venture capital firm co-founded by Alibaba chief executive Jack Ma and Shi Yuzhu, president of New York-listed Giant Interactive.
Yunfeng E-Commerce Funds was set up to buy Alibaba shares as part of the latter’s employee liquidity…
