Alibaba announces HK$80 billion Hong Kong share placement, all proceeds for full-stack AI (Capital markets / Tech)

Generaldesk view

Alibaba announces HK$80 billion Hong Kong share placement, all proceeds for full-stack AI (Capital markets / Tech)

On August 23 Alibaba said it plans to place new shares with non-U.S. persons outside the United States to raise HK$80 billion (about $10.2 billion)—its first pr…

READ THE DAY'S DIGEST →

AI/Techdesk view

Alibaba plans ~HK$80 billion share placement, with net proceeds all for full-stack AI and infrastructure (Financing)

On August 23, Alibaba announced plans to place new shares with non-U.S. persons outside the United States for a total of about HK$80 billion—its first Hong Kong…

READ THE DAY'S DIGEST →