Yunfeng Fund was established in April 20 10, named after Jack Ma, Chairman of Alibaba's Board of Directors, and Yu Feng, founder of Juzhong Media. Investment enterprises include Shanghai integration of defense and civilian technologies Industrial Investment Management Co., Ltd., Hangzhou Han Yun Xinling Equity Investment Fund Partnership (Limited Partnership), Shanghai Land-funded Enterprise Management Consulting Center (Limited Partnership), Zhifu (Shanghai) Investment Center (Limited Partnership), Ali Sports Co., Ltd., Beijing Wei Meng Innovation and Venture Capital Center (Limited Partnership), Tianjin Sequoia Pharmaceutical Equity Investment Partnership (Limited Partnership), Zhejiang Ant Microfinance Service Group Co., Ltd., etc.

Besides Ma Yun and Yu Feng, the founders of Yunfeng Fund include many famous figures, such as Shi Yuzhu (Chairman of Giant Network and Giant Investment), Wang Yusuo (Chairman of Xinao Group), Shen Guojun (Chairman of Yintai Investment), Stanley Choi (Chairman of United Financial Group) and so on. Yunfeng Fund mainly invests in Internet, consumer goods and new energy.