HONG KONG, Aug 23 — Chinese tech giant Alibaba said today that it plans to issue HK$80 billion (RM41.2 billion) in new shares in Hong Kong to fund its global artificial...

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

Chinese tech giant Alibaba reports a 9% revenue rise driven by AI growth despite a 76% net profit drop amid strategic investments and market pressures. Read more at…

Alibaba Group Announced Proposed Placing of New Shares in Hong Kong