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Alibaba to Raise $10.20 Billion for AI Investment With Share Placement — Update
By Fabiana Negrin Ochoa and Tracy Qu
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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.
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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.
