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Yunfeng Financial ( is listed on the Hong Kong exchange and has purchased a total of 10,000 Ethereum (ETH) in the open market, with a total investment of 44 million USD (, approximately 314 million yuan ), all from the group's internal cash reserves.
Yunfeng is the financial company backed by Jack Ma, which has been deeply involved in the RWA sector.
In general, the amount of ETH purchased serves both as an investment and as a guarantee to prepare for campaigns related to layer1, RWA, and deployment services on Yunfeng's blockchain platform.
Buying ETH shows that this company is very reputable on the Ethereum platform.