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Jack Ma’s Yunfeng Financial Group Acquires $44M in Ethereum

Telegram News 2025-09-04 Create
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Yunfeng Financial Group, backed by billionaire Jack Ma, has purchased 10,000 ETH ($44 million) to expand into Web3 and real-world asset (RWA) tokenization. The investment was funded entirely through internal cash reserves, avoiding external financing.

The move aligns with a board decision to advance into innovative sectors like AI and digital assets. Despite the strategic shift, the company’s shares fell 6% following the announcement.

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source: Incrypted

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