Jack Ma-Linked Yunfeng Financial Buys 10,000 $ETH ($44M)

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Yunfeng Financial, a Hong Kong-listed investment firm, has added 10,000 ETH to its strategic reserves, investing $44 million from internal cash reserves. Closely linked with Alibaba founder Jack Ma, the company views this move as a key step towards expanding its presence in digital assets and Web3 technologies. The ETH assets support Yunfeng’s focus on innovation, asset diversification, and exploring new blockchain-based financial opportunities, reflecting confidence in the evolving crypto landscape.