A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's "hard tech" sectors amid tightening US export curbs (Ann Cao/South China Morning Post)

Jun 09, 2026 - 10:50
Updated: 3 hours ago
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A financial chart is displayed alongside the corporate logos of Alibaba and CXMT to represent their new private equity fund.

Ann Cao / South China Morning Post:
A group of Chinese tech companies, including Alibaba and CXMT, launches a ~$577M PE fund to boost China's “hard tech” sectors amid tightening US export curbs  —  Chip giants launch a 3.91 billion yuan private equity fund to boost the country's ‘hard tech’ sectors amid tightening US export curbs

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Christopher Holloway

Christopher Holloway is the founder and director of Progressive Robot, a UK-based technology company. A full-stack engineer with more than two decades of experience, he works across PHP development, ecommerce, Linux infrastructure, technical SEO and AI automation, and writes here on technology, AI, hardware and software.

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