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Alibaba, YMTC Fundraising Hits China Tech Stocks on Supply Woes

Bloomberg Markets Monday 24 August 2026, 04:37 UTC By Bloomberg News 1 min read
Key Points

Alibaba, YMTC Fundraising Hits China Tech Stocks on Supply Woes Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co. The Hang Seng Tech Index fell as much as 4%, as e-commerce giant Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale. In the mainland market, the chip-heavy STAR 50 gauge dropped 3.8% to its lowest in about...

Alibaba, YMTC Fundraising Hits China Tech Stocks on Supply Woes Chinese technology stocks came under renewed pressure on Monday, reflecting supply concerns over the fundraising plans of Alibaba Group Holding Ltd. and Yangtze Memory Technologies Co. The Hang Seng Tech Index fell as much as 4%, as e-commerce giant Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale. In the mainland market, the chip-heavy STAR 50 gauge dropped 3.8% to its lowest in about three weeks, after the Shanghai bourse accepted the application of chipmaker Yangtze Memory’s likely sizable initial public offering.
Alibaba (LOCATION) YMTC Fundraising Hits China Tech Stocks (ORG) Chinese (ORG) Alibaba Group Holding Ltd. (ORG) Yangtze Memory Technologies Co. (ORG) Hong Kong’s (LOCATION) Shanghai (LOCATION) Yangtze Memory (ORG)
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