Stock market anomaly | Alibaba (BABA.US) rises more than 2%, with a total investment of about 7.6 billion yuan in Changxin Technology.

According to the Securities Times app, on Thursday, Alibaba (BABA.US) rose by more than 2%, closing at $111.67. In terms of news, Changxin Technology's initial public offering subscription time on the Science and Technology Innovation Board is July 16th, intending to raise 29.5 billion yuan, becoming the largest fundraising amount since the board opened. It is understood that Alibaba has invested approximately 7.6 billion yuan in Changxin Technology, making it the industry investor with the highest stake.