As a result, it seems that the crypto world has gained a new "big brother."
Here, I would like to introduce Yunfeng Fund. Yunfeng Fund is a private equity fund established in 2010, and in terms of its background, it can be regarded as a favored child born with a golden key, even among the many giants in private equity. Looking at its management team, the main founders are Jack Ma from Alibaba and Yu Feng, the founder of Focus Media, which is also the origin of the name "Yunfeng," indicating the company's strong resources. In addition to these two heavyweight guests, key members such as Li Ying, Huang Xin, Zhu Yikai, Huang Xiaobin, and Zhao Junbo have also been part of the managing directors. With a "rich dad," it is natural to have "wealthy relatives" scattered around; dozens of entrepreneurs, including Shi Yuzhu, chairman of Giant Network, Liu Yonghao, chairman of New Hope Group, and Shen Guojun, chairman of Intime Investment, have all had various connections with Yunfeng Finance. Against this background, Yunfeng, which is not short of money, has a broad layout, with its presence in technology, healthcare, and consumer sectors. It has created a series of well-known cases such as Xiaopeng and Horizon. Notably, Yunfeng Fund is also prominently listed among the shareholders of the star unicorn Zebra Intelligent Driving, which has just headed to the Hong Kong Stock Exchange with a valuation of 22 billion.
For this reason, in the Hong Kong stock market, Yunfeng Financial has always been marked as a "Jack Ma concept stock," with its stock price fluctuations generally in line with Alibaba-related companies. On September 2, Yunfeng Financial Group announced that the company has acquired 10,000 ETH as a strategic reserve using its own funds and will continue to promote the strategic and digital innovation of crypto assets in the future, exploring the inclusion of mainstream tokens such as BTC and SOL in its reserves. The group also stated that it plans to deeply integrate digital assets with its own business, exploring the potential applications of RWA tokenization and blockchain technology in core businesses such as insurance and asset management, aiming to build an ecological closed loop of "finance + technology" for the company.
Whether for business transformation or just to attract attention, as previously mentioned, the establishment of treasury management does not bring much novelty to the market, especially at this moment, when the stock prices of several treasury companies have already shown sluggish trends. Taking the Japanese listed company Metaplanet as an example, it started purchasing BTC last April, holding a total of 20,000 coins. After peaking in June this year, Metaplanet’s stock price has already retraced over 50%, which is sufficient to illustrate the inherent fragility of the treasury narrative.
In 2017, Jack Ma stated, "I am not very interested in Bitcoin; what I want to know is what Bitcoin can bring to society?" Even when the BTC price broke $15,000 in December of that year, Jack Ma remained calm and expressed his confusion about it, further emphasizing that he does not pay attention to Bitcoin. He also made statements in public later indicating that he believes Bitcoin is a bubble.
Of course, beyond the language, it is difficult to consider Jack Ma as a supporter of the cryptocurrency space, especially in terms of investment decisions and strategic layout. After all, in the complex industrial landscape, even the founder finds it hard to participate in every decision; it is more often made by those in charge. Regarding this financial fund, rather than saying Jack Ma is optimistic about ETH, it would be more accurate to say that the fund is optimistic about ETH. However, regardless of this, the fact that Jack Ma's company is purchasing cryptocurrencies, particularly ETH, has released some signals to the industry.
To a certain extent, this entry reflects institutions' already considerable clarity and high recognition of Ethereum, to the point where funds are willing to purchase ETH instead of other assets. From a technical perspective, the vast majority of domestic blockchains, primarily based on Ant Chain, are also further developing around Ethereum, which demonstrates Ethereum's legitimacy in technical aspects. Even though this integration relies on resources, the resource radiation capability of Ethereum clearly shows advantages. From this perspective, the saying circulating in the market that 'Ethereum has gained a big brother' is not without basis; after all, capital is interconnected, and with the beginning of a social circle, it is easy to derive a series of replicable chains. The actions of the Ant Group may influence the sentiments of more capital.
On the other hand, looking through the lens of Yunfeng Financial, the narrative of local RWA in Hong Kong is showing a burgeoning trend. With continuous institutional bets, the consensus on new growth points is also steadily solidifying. However, it is lamentable that, regarding the current RWA, real-world application scenarios are very limited, and the market is mixed, with many projects hoping to exchange air for gold under the banner of "RWA", including some well-known enterprises. But it must be acknowledged that having fewer tricks and more sincerity is the key to the true development of new things.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Is Jack Ma buying coins too? Ethereum welcomes a "new big brother"
Web3 welcomes another heavyweight player.
As a result, it seems that the crypto world has gained a new "big brother."
Here, I would like to introduce Yunfeng Fund. Yunfeng Fund is a private equity fund established in 2010, and in terms of its background, it can be regarded as a favored child born with a golden key, even among the many giants in private equity. Looking at its management team, the main founders are Jack Ma from Alibaba and Yu Feng, the founder of Focus Media, which is also the origin of the name "Yunfeng," indicating the company's strong resources. In addition to these two heavyweight guests, key members such as Li Ying, Huang Xin, Zhu Yikai, Huang Xiaobin, and Zhao Junbo have also been part of the managing directors. With a "rich dad," it is natural to have "wealthy relatives" scattered around; dozens of entrepreneurs, including Shi Yuzhu, chairman of Giant Network, Liu Yonghao, chairman of New Hope Group, and Shen Guojun, chairman of Intime Investment, have all had various connections with Yunfeng Finance. Against this background, Yunfeng, which is not short of money, has a broad layout, with its presence in technology, healthcare, and consumer sectors. It has created a series of well-known cases such as Xiaopeng and Horizon. Notably, Yunfeng Fund is also prominently listed among the shareholders of the star unicorn Zebra Intelligent Driving, which has just headed to the Hong Kong Stock Exchange with a valuation of 22 billion.
For this reason, in the Hong Kong stock market, Yunfeng Financial has always been marked as a "Jack Ma concept stock," with its stock price fluctuations generally in line with Alibaba-related companies. On September 2, Yunfeng Financial Group announced that the company has acquired 10,000 ETH as a strategic reserve using its own funds and will continue to promote the strategic and digital innovation of crypto assets in the future, exploring the inclusion of mainstream tokens such as BTC and SOL in its reserves. The group also stated that it plans to deeply integrate digital assets with its own business, exploring the potential applications of RWA tokenization and blockchain technology in core businesses such as insurance and asset management, aiming to build an ecological closed loop of "finance + technology" for the company.
Whether for business transformation or just to attract attention, as previously mentioned, the establishment of treasury management does not bring much novelty to the market, especially at this moment, when the stock prices of several treasury companies have already shown sluggish trends. Taking the Japanese listed company Metaplanet as an example, it started purchasing BTC last April, holding a total of 20,000 coins. After peaking in June this year, Metaplanet’s stock price has already retraced over 50%, which is sufficient to illustrate the inherent fragility of the treasury narrative.
In 2017, Jack Ma stated, "I am not very interested in Bitcoin; what I want to know is what Bitcoin can bring to society?" Even when the BTC price broke $15,000 in December of that year, Jack Ma remained calm and expressed his confusion about it, further emphasizing that he does not pay attention to Bitcoin. He also made statements in public later indicating that he believes Bitcoin is a bubble.
Of course, beyond the language, it is difficult to consider Jack Ma as a supporter of the cryptocurrency space, especially in terms of investment decisions and strategic layout. After all, in the complex industrial landscape, even the founder finds it hard to participate in every decision; it is more often made by those in charge. Regarding this financial fund, rather than saying Jack Ma is optimistic about ETH, it would be more accurate to say that the fund is optimistic about ETH. However, regardless of this, the fact that Jack Ma's company is purchasing cryptocurrencies, particularly ETH, has released some signals to the industry.
To a certain extent, this entry reflects institutions' already considerable clarity and high recognition of Ethereum, to the point where funds are willing to purchase ETH instead of other assets. From a technical perspective, the vast majority of domestic blockchains, primarily based on Ant Chain, are also further developing around Ethereum, which demonstrates Ethereum's legitimacy in technical aspects. Even though this integration relies on resources, the resource radiation capability of Ethereum clearly shows advantages. From this perspective, the saying circulating in the market that 'Ethereum has gained a big brother' is not without basis; after all, capital is interconnected, and with the beginning of a social circle, it is easy to derive a series of replicable chains. The actions of the Ant Group may influence the sentiments of more capital.
On the other hand, looking through the lens of Yunfeng Financial, the narrative of local RWA in Hong Kong is showing a burgeoning trend. With continuous institutional bets, the consensus on new growth points is also steadily solidifying. However, it is lamentable that, regarding the current RWA, real-world application scenarios are very limited, and the market is mixed, with many projects hoping to exchange air for gold under the banner of "RWA", including some well-known enterprises. But it must be acknowledged that having fewer tricks and more sincerity is the key to the true development of new things.