Categories: Business News

Alibaba launches $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) – 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(The…

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Published: August 23, 2026 17:06:10 IST

Aug 23 (Reuters) – 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

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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Published: August 23, 2026 17:06:10 IST

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