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Alibaba Pours 7.6 Billion Yuan into Changxin, Reaping Nearly 170 Billion Yuan in Returns
7 hour ago /
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Author：小编
N Changxin made a triumphant debut on the STAR Market, etching its name in A-share history as the inaugural stock to clock a single-day trading volume surpassing 100 billion yuan. As the closing bell rang, its stock price had skyrocketed by 465.82%. Through two entities, Alibaba has secured a nearly 5% stake in N Changxin, backed by a cumulative investment of approximately 7.6 billion yuan. Leveraging the market capitalization on its inaugural listing day, the value of Alibaba's holding has ballooned to over 170 billion yuan, translating into unrealized gains exceeding 160 billion yuan and marking a staggering total return of over 20-fold.
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