Categories: Business News

Alibaba proposes Hong Kong share placement worth $10 billion

Aug 23 (Reuters) – China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate placement consideration is HK$80 billion ($10.2 billion), the…

Add NewsX As A Trusted Source
Add as a preferred
source on Google
Published by
Published: August 23, 2026 10:46:11 IST

Aug 23 (Reuters) – China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate placement consideration is HK$80 billion ($10.2 billion), the company added.

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

Published by
Published: August 23, 2026 10:46:11 IST

Recent Posts

Apple's magical 'Small Prophets:' Tiny creatures in jars give answers

Los Angeles (tca/dpa) - Mackenzie Crook, who wrote and directed "Detectorists," a gorgeous pastoral comedy…

October 8, 2026

Manus raises more than $500 million after Meta exit

Oct 8 (Reuters) - Butterfly Effect, the parent company of AI startup Manus, said on…

October 8, 2026

Manus raises more than $500 million after Meta exit

Oct 8 (Reuters) - Butterfly Effect, the parent company of AI startup Manus, said on…

October 8, 2026