Chinese tech giant Alibaba announced on Sunday that it plans to raise around HK$80 billion ($10.2 billion) through a new share issuance in Hong Kong, with...

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…