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Home -News -Latest News -Alibaba Completes Dual Primary Listing on New York and Hong Kong Exchanges

Alibaba Completes Dual Primary Listing on New York and Hong Kong Exchanges

Release date:2024-08-29Author source:KinghelmViews:1020

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Image From Social Media Post by Song Shiqiang, General Manager of Kinghelm and SLKOR


International News

1. Meta will shut down its augmented reality studio, Meta Spark, and shift its investment focus to AI.

2. Samsung Electronics’ semiconductor division's advanced packaging business group has been dissolved, with Lin Junsheng, known as a "packaging expert," becoming a sought-after talent for several semiconductor wafer fabs in Mainland China.

3. Japanese chipmaker Kioxia Holdings has submitted an application to list on the Tokyo Stock Exchange, planning to go public in October with an expected market value of over 1.5 trillion yen.

4. SK Hynix has successfully developed the world’s first sixth-generation 10nm-class 16Gb DDR5 DRAM.

5. Samsung and General Motors have reached an agreement to invest approximately $3.5 billion in building an electric vehicle (EV) battery factory in Indiana, USA.

6. Data from the Japan Electronics and Information Technology Industries Association shows that Japan's PC (laptops + desktops) shipments in July reached 579,000 units, marking the largest increase in over three years.


China News

1. Dongxin Semiconductor won three awards at the elexcon 2024 Shenzhen International Electronics Show: Annual Product Leap Award, Annual Leading Enterprise Award, and Automotive Industry Innovation Technology Award.

2. On August 28, Alibaba Group officially completed its dual primary listing in Hong Kong, becoming a company listed on both the Hong Kong Stock Exchange and the New York Stock Exchange.

3. SLKOR (www.slkoric.com) and Jinhangbiao's weekly star this week is Huang Zhiling from the promotion department, receiving a reward of 200 RMB.

4. Four domestic memory chip companies—Lamtek Technology, Jiangbolong, Baiwei Storage, and Zhaoyi Innovation—released their semi-annual reports for 2024, all delivering impressive results with net profits soaring over 600% in some cases.

5. XPeng Motors' Turing chip successfully completed its first silicon on August 23, making it the world's first AI chip used in AI cars, AI robots, and flying cars.

6. The first RISC-V cloud computing experimental platform, "Beihai," was launched at the Fourth RISC-V China Summit, marking a significant advancement for China in the RISC-V instruction set architecture field.


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