Urgent! Yunfeng Financial, Founded by Jack Ma, Acquires 10,000 ETH Worth $44M for Web3 Strategy
Yunfeng Financial Group Limited, a Hong Kong–listed financial technology company closely associated with Alibaba founder Jack Ma, has taken a decisive step into the cryptocurrency and Web3 arena. On September 2, 2025, the company voluntarily disclosed that it acquired a total of 10,000 ETH , with an aggregate investment cost of US$44 million , using funds drawn exclusively from its internal cash reserves. This acquisition is part of Yunfeng Financial’s broader push into frontier sectors, including Web3, Real-World Asset (RWA) tokenization, digital currencies, ESG net-zero assets, and artificial intelligence. The Board of Directors affirmed that including Ether (ETH) as a strategic reserve asset will provide essential infrastructure support for tokenizing real-world assets, optimizing the company’s asset structure, and reducing its dependence on fiat currency. The purchased ETH will be accounted for as investment assets on the company’s balance sheet, reflecting its commitment to in...