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ALIBABA'S CXMT STAKE NOW WORTH $20B ON 20X RETURN

Alibaba's ~5% stake in chipmaker CXMT has grown to $20 billion in value, representing a nearly 20x return based on the company's $464 billion market cap following its July 28 closing.

1 SOURCEFIRST SEEN JUL 29, 08:10 AM► READ THE ARTICLE

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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)

Wency Chen / South China Morning Post: CXMT's IPO prospectus showed Alibaba had a ~5% stake, which is now worth $20B+, a…

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