China's Jack Ma snaps up French vineyard Chateau de Sours
China’s second richest man Jack Ma, the founder of e-commerce giant Alibaba, has become the latest investor from his country to snap up a French vineyard.
The self-made billionaire has bought the Chateau de Sours vineyard in the famed winegrowing region of Bordeaux, which boasts a castle dating back to the 18th century and an 85 hectare property which produces 500,000 bottles of wine a year.
He bought the vineyard from Briton Martin Krajewski via one of his Hong Kong-based businesses, according to a legal notice.
The announcement says that the new manager of the vineyard, for Junbao Limited, is Kien Leong Lee, 40, who is also chairman of Dragonite International Limited.
Dragonite describes him on their website as a specialist in vineyard management and wines investment.
The Chateau de Sours produces red and white wines and says on its website it is also “leading a renewed global interest in top class rose”.