Alibaba once rose 4%, its chip company is rumored to be going public independently
Alibaba (09988.HK) opened today (23rd) up 3.88% at HKD 171.2, and at one point rose 4.4% to a high of HKD 172. It is currently trading at HKD 169.7, up 2.97%, with a turnover of 18.4632 million shares, involving HKD 3.153 billion.
According to domestic media reports, Alibaba has decided to support its chip company Tmall Genie for future independent listing, but the specific timing has not yet been clarified. Tmall Genie was established in 2018 and is Alibaba's wholly-owned semiconductor chip business. Tmall Genie has a full range of end-to-end products, covering data center chips and IoT chips, achieving end-to-end design connectivity across the chip spectrum
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