Wency Chen / South China Morning Post:
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 — ChangXin Memory Technologies (CXMT) and Zhipu AI have not only seen their share prices skyrocket, but they have also handed a windfall …
