Alibaba-backed chipmaker ASR Microelectronics flops in Shanghai debut

Alibaba-backed chipmaker ASR Microelectronics flops in Shanghai debut

Photo by Infralist on Unsplash

Alibaba-backed Chinese consumer electronics chips developer ASR Microelectronics Co. Ltd. has booked a disappointing Shanghai STAR Market debut, with the just-listed stock losing a third of its value.

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