[Alibaba's Pingtouge Semiconductor Increases Capital to 1 Billion Yuan] According to a report by Jinse Finance on June 22, data from the Qichacha app shows that recently, Pingtouge (Shanghai) Semiconductor Technology Co., Ltd. underwent a business registration change, with its registered capital increasing from 300 million yuan to 1 billion yuan, a growth of approximately 233.33%. Qichacha data indicates that the company was established in November 2018, with Bao Wenjun as its legal representative, and is currently wholly owned by Pingtouge (Shanghai) Electronic Technology Co., Ltd. According to its official website, Pingtouge Semiconductor is the wholly-owned semiconductor chip business entity of Alibaba Group, equipped with a mature chip R&D system and end-to-end full-chain chip development capabilities.