According to BlockBeats news on September 2, public data shows that Alibaba founder Jack Ma indirectly holds approximately 11.15% of shares in Yunfeng Financial through #云锋基金 , with a 29.85% stake in Yunfeng Financial Holdings Limited and a 40% stake (non-voting) in Shanghai Yunfeng Innovation.

Today, the Hong Kong listed company Yunfeng Financial ( announced that the company's board of directors has approved the purchase of ETH on the open market as a reserve asset. As of the announcement date, the group has cumulatively purchased 10,000 ETH on 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.

BlockBeats Note: Due to the complex equity structure with multiple layers of nesting, and currently there is no latest announcement to accurately calculate the proportion of Jack Ma's indirect holdings in Yunfeng Financial, the shareholding ratio of 11.15% may fluctuate and is based on the latest available announcement calculated as the minimum ratio.

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