Alibaba Unit, Yunfeng Start CNY1 Billion Cloud Computing Fund

Nevermind the part where it's an Android clone (isn't it?).

It seems that time after time domestic (Chinese) businesses trump foreign competitors - but they're hardly operating from a position of strength. The fund is privately held (murky though ownership can be in China) and Alibaba's been pretty successful on a global scale, so perhaps they do know what they're doing!

Have any YC alumni (as individuals or businesses) made significant inroads into China? It's an area of great personal interest and would love to hear your stories.