Yunfeng Financial Acquires $44 Million in ETH for Strategic Reserve

Yunfeng Financial, a Hong Kong-listed company linked to Alibaba’s Jack Ma, has invested $44 million in Ethereum (ETH) as part of its strategic reserve. This acquisition underscores the growing role of cryptocurrency within corporate reserves and highlights the increasing interest in Web3, AI, and tokenization initiatives by major financial institutions. 10,000 ETH will be used to support these initiatives, aligning with Yunfeng’s expansion into emerging technologies.