Jack Ma Yun has bought a 56 per cent stake in Hong Kong mid-cap brokerage Reorient Group for HK$2.7 billion, according to a notification on the stock exchange on Thursday.
The disclosure follows the Alibaba Group Holding chairman's US$200 million investment in mainland Chinese private conglomerate Fosun International's HK$9.3 billion private placement on Monday.
Bloomberg on Thursday also reported that funds backed by Ma and the son of the country's richest man, Wang Jianlin, were poised to become lead investors in Letv Sports Culture Develop (Beijing)'s latest fundraising.
Letv Sports streams live sporting events, including the boxing match this month between Floyd Mayweather and Manny Pacquiao.
The broadcaster is competing with Tencent Holdings and Alibaba to win users and has shown NBA and NCAA basketball games.
The notice on the stock exchange showed Ma bought 1.34 billion Reorient shares on May 7 at HK$2 each. The brokerage had 455.65 million issued shares before the deal. Ma did not own any shares before this investment.
A Reorient statement last Friday said Yunfeng Financial Holdings, 40 per cent controlled by Ma, and three other investors were buying 81 per cent of the brokerage's enlarged share capital, at the same price.