Alibaba Network Cuts Stake in ASR Microelectronics by 5.28 Million Shares
ASR Microelectronics announced that shareholder Alibaba (China) Network Technology reduced its stake by 5.28 million shares between August 17 and September 7, 2026, through centralized bidding and block trades. The move trims the e-commerce giant's holding in the Shanghai-listed chip designer, though the company did not disclose the remaining stake or financial details of the transactions.
ASR Microelectronics announced that its shareholder Alibaba (China) Network Technology Co. , Ltd. reduced its shareholding in the company by 5.28 million shares during the period from August 17 to September 7, 2026, through centralized bidding and block trading methods.