Jack Ma’s Yunfeng Financial Group has made a significant move in the crypto market, investing $44 million to acquire 10,000 ETH. This strategic purchase marks their entry into the digital asset realm and paves the way for expansion into the burgeoning field of Web3. The group plans to utilize this ETH as a cornerstone for future ventures, including initiatives focusing on decentralized finance (DeFi) applications and real-world assets (RWA) tokenization. 10,000 ETH represents a strategic allocation from Yunfeng Financial’s cash reserves, signifying the company’s commitment to digital assets. This move has garnered investor interest, with Yunfeng’s shares rising by 9.55% following the announcement.