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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Alibaba's Jack Ma-Backed Firm Invests $44 Million In Ethereum For Strategic Reserve

Alibaba Group Holding Limited

Jack Ma-backed Yunfeng Financial Group has invested $44 million in Ethereum (CRYPTO: ETH) as part of its strategic reserve assets, according to an exchange filing Tuesday.

Yunfeng Invests in Ethereum Infrastructure

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