YF Capital acquires a 2.1% stake in China-based RRAM maker InnoStar
YF Capital has acquired a 2.1% stake in InnoStar, a Shanghai-based RRAM developer established in 2019. YF Capital is a private equity firm, linked to Alibaba's Jack Ma. This follows an investment by Ant Group (also founded by Jack Ma) in August 2025.
Last year ByteDance (owner of TikTok) also investment in InnoSTar, and holds a ~9% stake. InnoStar uses a 28-nm process and is said to be China's first RRAM developer.



