Billionaire Jack Ma, chairman of Alibaba Group Holding Ltd., speaks during an event in Hong Kong, China, on Monday, Feb. 2, 2015. Ma regained his spot as Asia's richest person with a higher valuation for the company's finance affiliate ahead of a stock sale that also created a dozen new billionaires. Photographer: Lam Yik Fei/Bloomberg via Getty Images
Lam Yik Fei—Bloomberg/Getty Images
August 14, 2015 1:12 PM EDT

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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