Alibaba Sells Gaming Arm for at Least $1.5 Billion as AI Pivot Accelerates

Bitcoin

The order is part of a wider trend of Western governments restricting Chinese investment in strategic sectors, from rare earths to semiconductors. This accelerates the fragmentation of global supply chains and reinforces a 'de-risking' narrative that can drive capital toward alternative assets like Bitcoin, which are perceived as neutral and borderless. However, it also raises the specter of retaliatory measures that could destabilize trade and risk sentiment in the short term.

Australia ordered two Chinese investors in a rare earths mining firm to obtain government approval before selling their holdings, to prevent sales to related parties.