Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan

FILE PHOTO: FILE PHOTO: People visit an Alibaba booth during the World Artificial Intelligence Conference in Shanghai, China July 26, 2025. REUTERS/Go Nakamura/File Photo/File Photo 24 Aug 2026 09:32AM SHANGHAI, Aug 24 : Hong Kong-listed shares of Alibaba are set to open 8 per cent lower on Monday after the Chinese e-c

Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.

TechnologyMove comes amid intensifying race to build frontier models and computing infrastructureAlibaba is doubling down on artificial intelligence at a moment when the race to build frontier models and the infrastructure behind them is intensifying across both China and the West. © ReutersCISSY ZHOUAugust 23, 2026 17

Alibaba shares fall 8% after $10 billion Hong Kong share sale  Reuters

Alibaba to Bulk Up AI Investment via $10.20 Billion Share Placement  WSJ

A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.

“I planned to move most of it back after a month or two. No longer,” Burry said in a post on Substack.

A 76-year-old man has been sent to hospital after falling on an escalator at a Hong Kong shopping centre, while two other elderly people sustained minor injuries, according to police. The force received a report at 4.19pm on Sunday that three people had fallen on an escalator in phase one of Shek Lei Shopping Centre, l

Equity issuance follows a strong reception for its latest Qwen 3.8-Max model

Alibaba announces a $10 billion share sale to fund its global artificial intelligence (AI) ambitions, investing in full-stack AI capabilities and infrastru