Alibaba has been pretty lucky lately, with Zhongxin floating a profit of 130 billion. Today, Kimi K3 made the list, and Alibaba holds 36% of the shares, with part of the investment made through computing power services. If Kimi gets listed on the Hong Kong stock market, the circulating shares will be limited. Alibaba, Meituan, Tencent, and Xiaohongshu have all invested. Its market value might surpass Zhipu, meaning Alibaba could earn more than it did with Changxin. Just these two alone account for 20% of Alibaba's market value.