A financial group backed by Alibaba Group founder Jack Ma has made a major foray into digital assets, investing $44 million to acquire 10,000 units of Ether, the native token of the Ethereum blockchain.
Caixin
Jack Ma-backed Yunfeng dives into crypto with $44m Ether purchase
Companies in China increasingly adding cryptocurrencies to balance sheets
Yunfeng Financial's $44 million Ether purchase reflects the growing trend of publicly traded companies adding cryptocurrencies to their balance sheets.
Read Next
Latest on Caixin
