Chinese billionaire Jack Ma, founder of e-commerce giant Alibaba, snapped up two historic French vineyards for nearly 12 million euros ($13.56 million). The Chateau Guerry and the Chateau Perenne date right back to the 18th century in the heart of the fabled Bordeaux wine-growing region. And now Jack Ma has claimed them for his own. The owner of the two chateaus, French wine magnate Bernard Magrez, confirmed the sale to the AFP after the transaction was reported by the British specialized magazine Decanter. The Chateau Perenne is spread over 64 hectares (158 acres) in the Blaye Cotes-de-Bourg appellation, producing about 500,000 bottles of red and white wine annually. Chateau Guerry is the oldest estate in the Cotes de Bourg appellation, producing 84,000 bottles of red a year over about 20 hectares. The purchases add to the Chateau de Sours vineyard, which Ma bought in Bordeaux’ Entre-Deux-Mers wine region in February. It includes a magnificent 18th-century country house.
(Source: www.yourstory.com)
