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Alibaba Founder Jack Ma's Wife Buys London Mansion

A lavish mansion in London with a cinema that used to serve as the Italian embassy adds to the property portfolio of the Alibaba billionaire’s family.

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The transaction, one of the most expensive of 2024, fits into the global portfolio of the Ma family, with properties in France, Singapore and Hong Kong

·Italy
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Lean Right

The luxurious villa acquired by Cathy Ying Zhang is added to the foreign real estate portfolio of the family of the Chinese billionaire founder of Alibaba

·Milan, Italy
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Zhang Ying, wife of Alibaba founder Jack Ma, was recently revealed by the media to have purchased a former Italian embassy residence in London's Belgravia district for £19.5 million. This is the latest move in the Ma family's continued expansion of their global real estate empire, which now covers the UK, Singapore, France, Hong Kong, and the US.

The building with an area of 737 square meters was sold for 20 million pounds

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Il Sole 24 Ore broke the news in Milan, Italy on Tuesday, November 11, 2025.
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