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Investor Duan Yongping bought back 301,400 Alibaba shares worth about $28.93 million, representing only 0.15% of his portfolio. The small position suggests renewed observation rather than strong conviction, especially as Alibaba explores AI cooperation with Apple while PDD Holdings receives a much larger allocation.
Marvell Technology has granted Google the right to purchase up to $12.2 billion of Marvell shares as part of a custom-chip arrangement. Google will buy Marvell’s custom chips, and Marvell’s stock rose as much as 14% after the disclosure.
Anthropic is reportedly preparing to grant its founders shares with extra voting power before a potential IPO. The governance structure is being designed ahead of what could become one of the largest public offerings in history.
Alibaba will sell all shares of Lingxi Games to Chixin Capital for 10.1 billion yuan, exiting self-developed game content. The deal reflects Alibaba’s shift from gaming toward AI, where its Qwen models and consumer products are becoming strategic priorities.
SK Hynix plans to repurchase 40 trillion won, or approximately $29 billion, of its own shares. The move aims to reassure investors concerned about the long-term durability of AI spending.
A global semiconductor-stock selloff intensified, sending Samsung and SK Hynix shares down more than 7% in Seoul. The decline followed a 5% drop in the Philadelphia Semiconductor Index as investors pulled back from high-performing chip stocks.