Alibaba's AI and Chip Investments Pay Off: CXMT Stake Surges to $19B
pstAsiatech · x · 2026-07-29
An SCMP analysis highlights Alibaba's strategic shift from controlling consumer internet assets to taking minority stakes and forming industrial partnerships across the AI and chip supply chain. Its early investment in memory-chip giant CXMT has yielded massive returns: a roughly 7.6 billion yuan investment since 2021 is now worth over 140 billion yuan based on recent market caps, a nearly 20x paper gain. Strategic investments in companies like Zhipu AI further strengthen Alibaba's growing AI ecosystem.
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