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LATEST

CIBN, ACAMB push for financial inclusion, women empowerment & sustainable growth for the banking industry.●Treasury yields retreat as oil tumbles before Fed policy decision●Bitcoin Dips As Crypto Clarity Act Hopes Fade●AmericanFortress proposes quantum-safe crypto wallet protection without fund migration●Why a big drop in oil prices did little at the gas pump●The biggest tech party in Lagos happened on 17th July. here’s what you missed.●An extra-caffeinated version of Mr. Pibb is helping Coca-Cola win over cash-strapped shoppers●Gibson Dunn Hires Rival Wachtell Lipton’s Co-Chair●CIBN, ACAMB push for financial inclusion, women empowerment & sustainable growth for the banking industry.●Treasury yields retreat as oil tumbles before Fed policy decision●Bitcoin Dips As Crypto Clarity Act Hopes Fade●AmericanFortress proposes quantum-safe crypto wallet protection without fund migration●Why a big drop in oil prices did little at the gas pump●The biggest tech party in Lagos happened on 17th July. here’s what you missed.●An extra-caffeinated version of Mr. Pibb is helping Coca-Cola win over cash-strapped shoppers●Gibson Dunn Hires Rival Wachtell Lipton’s Co-Chair●

Asia

From CXMT to Zhipu: How Alibaba’s investment pays off with a growing AI and chip portfolio

Business - South China Morning Post · 5h ago · 🇨🇳 China

From CXMT to Zhipu: How Alibaba’s investment pays off with a growing AI and chip portfolio

ChangXin Memory Technologies (CXMT) and Zhipu AI have not only seen their share prices skyrocket, but they have also handed a windfall to their common backer: Alibaba Group Holding. Before the listing of China’s memory-chip giant on Monday, Alibaba owned nearly 5 per cent of CXMT, making it the chipmaker’s largest industrial shareholder, according to the prospectus. Alibaba has invested about 7.6 billion yuan in CXMT since 2021. Based on Tuesday’s closing market capitalisation of about 3.14...

Read the full story at Business - South China Morning Post →

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