https://mediapresser.com/tags/alibaba/ Recent content in alibaba on Media Presser Hugo -- gohugo.io en-us Thu, 30 Jul 2026 00:00:00 +0000 https://mediapresser.com/moonshots-35b-valuation-and-cxmts-464b-market-cap-put-the-chinese-ai-stack-in-hong-kong/ Thu, 30 Jul 2026 00:00:00 +0000 https://mediapresser.com/moonshots-35b-valuation-and-cxmts-464b-market-cap-put-the-chinese-ai-stack-in-hong-kong/ Moonshot AI closed a $3.5 billion round at a $35 billion valuation, having initially targeted somewhere between $1 billion and $2 billion, and plans a Hong Kong listing as early as this year. CXMT’s IPO prospectus disclosed that Alibaba holds a stake of nearly 5%, now worth more than $20 billion, against a closing market capitalization of roughly $464 billion on July 28. One model developer and one DRAM manufacturer, heading for the same venue, at valuations set almost entirely by domestic capital.