Alibaba: How a $1.1 Billion Investment in Memory Chips Secures the Cloud Business
Reading Time: 2 minutes
A potential CXMT IPO of nearly $10 billion opens up Alibaba's prospects for substantial returns from a $1.1 billion investment. The investment secures essential hardware resources for the cloud division. Price gains of 12% and a resolution of U.S. legal disputes are currently supporting the market environment for the stock. Financial Effects of the CXMT IPO On July 15, the plans of the Chinese memory chip manufacturer CXMT for an IPO came into focus for investors. The company aims to raise nearly $10 billion. This endeavor is of great...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
