Yunfeng Financial Group, a Hong Kong-based company with ties to Alibaba founder Jack Ma, has made a significant move into the world of Web3 by acquiring 10,000 Ether (ETH), valued at around $44 million. This investment reflects their strategic vision for expanding within decentralized technologies and utilizing blockchain assets. The group’s initiative aligns with its larger plan to incorporate real-world assets (RWA) in digital currency initiatives and leverage artificial intelligence. Yunfeng Financial’s board has emphasized the importance of ETH as a strategic reserve asset, highlighting its potential for innovation and expansion into emerging areas like Web3.