The Hong Kong-based firm, backed by Alibaba founder Jack Ma , confirmed that the Ethereum acquisition was carried out on the open market and financed entirely with its internal cash reserves. By doing so, Yunfeng is not only strengthening its balance sheet with Ethereum as a strategic reserve asset but also signaling confidence in the long-term role of crypto within global finance. Jack Ma, best known as the co-founder and former executive chairman of Alibaba Group , is one of China’s most influential entrepreneurs. His investments have consistently focused on innovation, particularly in technology, finance, and digital ecosystems. Through Yunfeng Financial, Ma has been expanding into frontier sectors such as Web3, tokenized real-world assets, ESG-focused investments, and artificial intelligence . The decision to add Ethereum reflects Yunfeng’s belief that digital currencies will play a central role in the future of financial systems. This move is also seen as part of a broader trend where traditional finance firms are adopting cryptocurrencies as reserve assets, bridging the gap between conventional markets and blockchain technology.
