On August 6th, news emerged that Yunfeng Capital, which is supported by Alibaba's founder Jack Ma, took the lead in investing in Corgi, an AI-driven insurance startup headquartered in San Francisco, USA. This investment represents Yunfeng Capital's inaugural foray into the US market, as its investment portfolio had previously been predominantly centered on China. During this funding round, Yunfeng Capital poured approximately $30 million (equivalent to around HK$234 million) into Corgi. As per Forbes, Corgi's valuation soared to $4 billion following this round of financing. Corgi, a startup specializing in AI-powered commercial insurance, witnessed its valuation nearly quadruple within a mere three months.