Alibaba founder buys two more French vineyards

Chinese billionaire Jack Ma has purchased two vineyards in the famed Bordeaux winegrowing region in France – the Chateau Guerry and the Chateau Perenne – for nearly 12 million euros ($13.56 million), the Agence France-Presse reports. The news agency says the 64-hectare Chateau Perenne produces about 500,000 bottles of red and white wine annually, while the smaller, 20-hectare Chateau Guerry produces 84,000 bottles of red a year.