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Alibaba will issue new shares, with all net proceeds earmarked for AI investments. The fundraising comes days after Alibaba reported a 75% profit drop as heavy AI spending weighed on results. The ...

Chinese e-commerce and cloud giant Alibaba (BABA-2.36%) priced an 80 billion Hong Kong dollar placement (about $10.2 billion) on Sunday, selling 710 million newly issued shares at 112.70 Hong Kong ...

HONG KONG, Aug 17 (Reuters) - Alibaba Group (9988.HK), opens new tab is ‌expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar ...

China’s Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would ...

Alibaba Group (BABA) on Monday priced a roughly $10.2 billion placement of new shares to non-U.S. investors — the latest large tech industry fundraising plan focused on AI. U.S.-listed Alibaba stock ...

On Friday, the Chinese e-commerce giant announced plans for a secondary share offering of about $10.2 billion, which will dilute current shareholders by that amount. On Thursday, its market cap was ...

HONG KONG, Aug 17 (Reuters) - Alibaba Group is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar ...

Alibaba (BABA) is expected to report mixed first-quarter results on August 19, after the closing bell, with analysts anticipating robust revenue growth but a slight lag in profits. The company is ...

HONG KONG/SHANGHAI, Aug 24 (Reuters) - China's Alibaba (9988.HK), opens new tab shares slumped in Hong Kong trade on Monday after it launched a $10.2 billion share sale at a steep discount to fund its ...