Alibaba’s Jack Ma-Backed Firm Invests $44 Million In Ethereum For Strategic Reserve
Posted On September 3, 2025
Jack Ma-backed Yunfeng Financial Group has invested $44 million in Ethereum (CRYPTO: ETH) as part of its strategic reserve assets, according to an exchange filing Tuesday.
Yunfeng Invests in Ethereum Infrastructure
The Hong Kong-listed company acquired 10,000 ETH tokens to support real-world asset tokenization activities.
Yunfeng stated the Ethereum investment would provide “key infrastructure support” for tokenization services and potential applications within its insurance operations. The move aligns with Hong Kong’s regulatory push to establish the city as a digital asset hub.
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