Jack Ma-backed fund, Temasek invest in genomics business

Hong Kong

A FUND backed by Chinese billionaire Jack Ma and Singapore's state-owned investment firm, Temasek Holdings Pte, made new investments in contract genomics organisation WuXi NextCODE, which is expanding in China as the country pushes into the emerging field of precision medicine.

Yunfeng Capital and Temasek co-led a US$75 million Series B round of financing into the company, WuXi NextCODE said in…