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Shares of Jack Ma's e-commerce and e-everything company slipped as much as 4.3% in Thursday's trading, a record low following the extended selloff in Chinese technology due to Beijing being hit by a new round of regulations. This recent crackdown has so far wiped out about $1 trillion in market value from Chinese shares listed globally last month. Source: Bloomberg

If chip production used to be in the hand of the US, Europe and Japan, the provenance of these very important pieces of hardware is largely diversifying, with China, South Korea, Taiwan and other countries having stepped in during the 2000s, and set to gain increasing market share in the years to come. Source: Statista, BCG, Semiconductor Industry Association

After Chinese regulators announced new rules to curb unfair competition and oversee how companies use date, Alibaba stock has dropped to levels last seen more than a year ago. Its shares have plummeted 4% to $175.35 in the morning, marking the lowest closing since October 2019. Source: Barron's

SoftBank Group Corp sold around $14 billion worth of listed stocks last quarter, or triple the amount of the last period, focusing on investment in technology startups. The company raised around $6 billion from the liquidation of its Facebook, Microsoft, Alphabet, Salesforce and Netflix stocks. They stated having an increased appetite for exits to finance deal-making at their Vision Fund investment arm. Indeed, the company poured $15 billion into private startups last quarter alone, with half of the money coming from share sales. Source: Bloomberg

Allbirds' effort to get people to wear wool shoes was a resounding success, as its sneakers quickly became a favorite in Silicon Valley. It now has to sell consumers on the merits of working up a sweat in leggings made of similar materials, while competing in a sector dominated by Lululemon Athletica Inc., Nike Inc. and other companies that tout lightweight, moisture-wicking gear. Source: Dow Jones