BABA Stock Falls Nearly 4% Amid $10 Billion HK Placement: Analyst Nicholas Mugalli Says Market Reaction i

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

SHANGHAI, Aug 24 : The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its…