A high-value property purchase in the heart of London has once again placed Alibaba co-founder Jack Ma under the global spotlight, at a time when the billionaire continues to keep a largely low public profile even as his international investments expand steadily.

According to The Financial Times, Ma’s wife Cathy Ying Zhang acquired a historic townhouse in Belgravia in 2024, paying £19.5 million ($25.6 million) for what was once the Italian embassy. Details of the transaction have been corroborated by UK Land Registry documents as well as people familiar with the sale. Data from LonRes indicates the acquisition ranked among the top 40 costliest residential deals in London that year, reflecting the strength of demand in the city’s ultra-luxury segment.

The Belgravia mansion carries a stori

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