Analysis: Jack Ma has indirectly bought ETH, holding about 11.15% of Yunfeng Financial's shares.

On September 2, according to public data, Alibaba founder Jack Ma indirectly holds approximately 11.15% of Yunfeng Financial through Yunfeng Fund, holds 29.85% of shares in Yunfeng Financial Holdings Limited, and holds 40% (without voting rights) in Shanghai Yunfeng New Ventures. Today, the Hong Kong listed company Yunfeng Financial (00376.HK) announced that the company's board of directors has approved the purchase of ETH in the open market as reserve assets. 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 USD. The funds for this purchase come from the group's internal cash reserves, and the purchased ETH is listed as investment assets in the group's financial statements.