Alibaba: CXMT Soars About 470% at IPO - Does the Chip IPO Provide Access to Hidden Reserves for Alibaba?

The IPO of CXMT on July 27 provided Alibaba with considerable hidden reserves due to a stock price increase of about 470%. In addition to hardware, the company is intensively investing in open AI models like Kimi K3 to secure its own infrastructure. Regulatory risks remain, as evidenced by a recent EU fine of €550 million imposed on the subsidiary AliExpress. Strategic Capital Allocation in the Semiconductor Sector On July 27, 2026, the Asian memory market experienced a remarkable capital event with the IPO of ChangXin Memory Technologies...