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Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
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scmp.com
Alibaba to issue US$10 billion in new shares for global AI push
The Chinese tech giant is expanding beyond retail into chips, cloud and large language models as surging spending weighs on quarterly profits.
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Developing | 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.
