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

Aug 23 (Reuters) – China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development. A deal by the Chinese

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