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Alibaba raises US$10 billion in record Hong Kong share sale - Taipei Times
Alibaba Group Holding Ltd (阿里巴巴) raised HK$80 billion (US$10.2 billion) in Hong Kong’s biggest follow-on offering, underscoring its willingness to amass and spend vast sums to take the lead in global artificial intelligence (AI).The online retail giant-turned-AI player sold 710 million shares at HK$
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scmp.com
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.
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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.
