Alibaba's Long Semiconductor IPO Brings 17x Returns; Three-Year AI Investments Hit $2.1B in Unrealized Gains

According to Huastreet Insights, on July 9, Long Semiconductor announced its Shanghai Stock Exchange IPO prospectus with expected listing on July 16. Alibaba (09988, BABA.US) is the largest investor in the chipmaker, having cumulatively invested approximately 7.6 billion yuan with a post-IPO projected stake value around 130 billion yuan, translating to an anticipated 17x return multiple.

The investment reflects Alibaba's strategic pivot over the past three years. According to the report, Alibaba's external AI investments totaled approximately 36 billion yuan across the sector, with current unrealized gains exceeding 210 billion yuan. The company has deployed capital across semiconductor design, large language models, embodied AI, and AI applications.