Did you know? Alibaba, under Jack Ma, is actually the industrial investor with the highest shareholding in ChangXin Memory Technologies (CXMT), with a cumulative investment of approximately 7.6 billion yuan.



It first invested in December 2021, but after several rounds of dilution, its stake was reduced to only about 1%.

In June 2025, it made a large additional investment, bringing its pre-IPO stake to around 5%, of which Alibaba Cloud holds 3.85% and Alibaba Network holds 1.12%.

Alibaba Cloud was also one of the largest single investors in the last pre-IPO capital increase round.
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