On August 6, Alibaba founder Ma Yun made a rare overseas investment arrangement in recent years — its Yunfeng Fund participated in investing in Corgi, an AI insurance startup in San Francisco. This is also the first US transaction known to Yunfeng Fund. The fund's past investment portfolio was mainly concentrated in the Chinese market. Yunfeng Fund invested about US$30 million in this round of financing to Corgi and is one of the company's investors.

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