Alibaba announced a $10.2 billion Hong Kong share placement, its largest ever, to fund full-stack AI capabilities as quarterly net profit

Alibaba's U.S. shares dropped 4% in premarket trading Thursday after the Chinese tech giant posted net income that plummeted 75% in the June quarter.The company has been investing…

Capex surges 75% on year as group braces for agent demand, faces higher chip costs