The Chinese tech company sold 710 million shares at HK$112.70 each, with demand from institutional investors nearly tripling the offering

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 announced it will issue HK$80 billion in new shares to fully fund its global AI push.

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