Alibaba to Raise $10.20 Billion for AI Investment With Share Placement - WSJ

Alibaba to Raise $10.20 Billion for AI Investment With Share Placement  WSJ

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

Aug 24 : Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.The Chinese e-commerce and cloud computing company priced 710 million n

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

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.

A 76-year-old man has been hospitalised 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, trapp

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