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Analysis: Jack Ma has indirectly invested in ETH and holds approximately 11.15% of Ant Financial's shares.
BlockBeats News, September 2nd, according to public data, Alibaba's founder Jack Ma indirectly owns approximately 11.15% of Yunfeng Financial through Yunfeng Fund, holding 29.85% in Yunfeng Financial Holdings Limited and 40% in Shanghai Yunfeng Startup (with no voting rights).
Today, the Hong Kong-listed company Yunfeng Financial (00376.HK) announced that the Board of Directors has approved the purchase of ETH as a reserve asset in the open market. As of the announcement date, the Group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost (including fees and expenses) of $44 million. The funds for this purchase are from the Group's internal cash reserves, and the purchased ETH is classified as an investment asset in the Group's financial statements.
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