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Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan
SHANGHAI, Aug 24 : Hong Kong-listed shares of Alibaba are set to open 8 per cent lower on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share placement to fund AI development.Alibaba said on Monday said it has priced its HK$80 billion ($10.21 billion) share placement a
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cryptobriefing.com
Alibaba plans massive HK$80 billion share placement in Hong Kong
Alibaba Group plans to raise approximately HK$80 billion through a new share placement in Hong Kong targeting non-US investors, its largest
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scmp.com
Breaking | Alibaba to issue HK$80 billion in new shares for global AI push
The Chinese tech giant announced it will issue HK$80 billion in new shares to fully fund its global AI push.
