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Jack Ma's Yunfeng Financial Strategically Invests in Financial Infrastructure Platform WooshPay
On May 3, Yunfeng Financial, backed by Jack Ma, announced the completion of a strategic investment in the cross-border payment service provider WooshPay, with the specific investment amount yet to be disclosed. WooshPay is a financial infrastructure platform regulated by the UK’s Financial Conduct Authority (FCA) and Hong Kong Customs. Yunfeng Financial stated that this strategic investment aims to explore the digital payment market and integrate the digital asset infrastructure platform AlphaToken, creating a closed-loop ecosystem for asset tokenization and compliant settlement based on ‘AI + Web3.’ It is reported that Yunfeng Financial has currently obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, allowing users to trade digital assets (such as Bitcoin and Ethereum) directly on its trading platform.