Yunfeng Capital Invests $44 Million in Ethereum: A Strategic Move for Asia’s Blockchain Advancements

Yunfeng Capital, a company partly owned by Alibaba founder Jack Ma, has made a significant move into the world of cryptocurrencies by investing US$44 million in Ethereum (ETH). This strategic decision marks a bold step toward integrating blockchain technology and Web3 within Yunfeng’s broader financial expansion plans. 10,000 ETH were purchased at an average price of roughly $4,400, positioning the company as a frontrunner in Asia’s rapidly evolving digital finance landscape.