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Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansion
Alibaba shares fell as much as 10% after the company launched a $10.2 billion share placement to fund AI expansion. The discounted offering raised dilution concerns, while heavy AI spending and a 75% profit decline intensified investor scrutiny over returns. Alibaba plans major infrastructure investments as competition in AI accelerates.
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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.
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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.
