Alibaba has priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion). The transaction is

Alibaba Group plans to raise approximately HK$80 billion through a new share placement in Hong Kong targeting non-US investors, its largest

The Chinese tech giant is expanding beyond retail into chips, cloud and large language models as surging spending weighs on quarterly profits.

Alibaba aims to raise $10 billion through a share sale to enhance its artificial intelligence capabilities and compete globally.