CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28 (Wency Chen/South China Morning Post)

<a href="https://www.scmp.com/tech/tech-trends/article/3362156/cxmt-zhipu-how-alibabas-investment-pays-growing-ai-and-chip-portfolio"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260729/i7.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260729/p7#a260729p7" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Wency Chen / <a href="http://www.scmp.com/">South China Morning Post</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.scmp.com/tech/tech-trends/article/3362156/cxmt-zhipu-how-alibabas-investment-pays-growing-ai-and-chip-portfolio">CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a nearly 20x return, based on CXMT's ~$464B closing market cap on July 28</a></b></span>&nbsp; &mdash;&nbsp; ChangXin Memory Technologies (CXMT) and Zhipu AI have not only seen their share prices skyrocket, but they have also handed a windfall &hellip; </p>