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Alibaba announces $10.2bn placement to fund AI expansion, shares slide

Published by Michele Maatouk on 24th August 2026

(Sharecast News) - Alibaba shares tumbled more than 8% in Hong Kong on Monday after the Chinese tech company raised HK$80bn ($10.2bn) in an equity placement to extend its "global AI leadership".

URL: http://www.digitallook.com/dl/news/story/36163076/...

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