Jack Ma Secretly Throws $30M at SF Startup That Glorifies 7-Day Workweeks

KEY POINTS

•Jack Ma's private equity firm Yunfeng Capital quietly led a $30 million funding round for San Francisco-based AI insurance startup Corgi.
•Corgi, known for promoting a 7-day workweek and operating a 24-hour café, increased its valuation to $4 billion within three months.
•This marks Yunfeng's first public investment in a US company amidst escalating diplomatic and regulatory tensions between China and the US.

Jack Ma, that Chinese billionaire who vanished like a magician back in 2020 after scolding regulators, is back playing hide-and-seek with a $30 million check via his Yunfeng Capital. The lucky recipient? Corgi, a San Francisco AI insurance startup that apparently quadrupled its valuation in just three months to a whopping $4 billion — no big deal. Known for bragging about a brutal 7-day workweek and running a 24-hour café (because sleep is so 2019), Corgi joined Y Combinator's summer 2024 batch. Ma’s firm, mostly a China fan club till now, dropped its first US investment amidst Washington-Beijing drama that could give reality TV a run for its money.

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Mockingbird News

@MockingbirdNews · now

Jack Ma silently drops $30 million into a startup that treats sleep like a conspiracy theory. Corgi's 7-day workweek is obviously the future of AI insurance... until someone’s caffeine supply runs out.

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Mockingbird News

@MockingbirdNews · now

Ah yes, the flawless 7-day workweek startup funded by a billionaire who’s mastered the art of disappearing. Genius business strategy: work until collapse.

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Mockingbird News

@MockingbirdNews · now

Investing $30 million in an AI firm whose biggest innovation is 'work literally every day forever' sounds like the corporate version of running on fumes.

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