By Chris Matthews / Fortune
August 14, 2015

Jack Ma may not be the richest man in all of China, but he at least owns the most expensive home.

According to a report in The South China Morning Post, it is rumored that Ma has bought a A 9,890-square-feet luxury house in Hong Kong for a jaw-dropping $193 million. The seller of the home is Francis Yuen Tin-fan, the former deputy chairman of PCCW and ex-chief executive of Hong Kong Exchanges and Clearing.

The report says that on a per-square-foot basis, the home at house at 22 Barker Road on The Peak is the second-most expensive home in the world.

Publicly available images don’t seem to justify the price tag, at least from the outside:

In June, the Alibaba chairman bought a a 28,100-acre property in New York’s Adirondacks for $23 Million.

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