Categories: Technology

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

SHANGHAI, Aug 24 (Reuters) – The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement,…

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Published: August 24, 2026 07:46:07 IST

SHANGHAI, Aug 24 (Reuters) – The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors

(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 24, 2026 07:46:07 IST

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