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Jack Ma, Alibaba top executives buy $102m of stock after record share sale
Buying of Hong Kong-listed shares follows Alibaba's announcement offering 710m new shares
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dailysabah.com
Alibaba plans $10.2B share issuance to fund its global AI drive
Chinese tech giant Alibaba announced on Sunday that it plans to raise around HK$80 billion ($10.2 billion) through a new share issuance in Hong Kong, with...
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thenextweb.com
Alibaba is raising $10.2bn and spending all of it on AI
Alibaba is selling HK$80bn of new shares in Hong Kong, with all net proceeds going to AI infrastructure, days after profit fell 75% on the same spending.
