Alibaba Group Holding Ltd. launched a HK$80 billion ($10.2 billion) share placement on Sunday to fund artificial intelligence-related development, marking the largest-ever primary follow-on offering b…
Michael Burry, founder of Scion Capital Management, said he sold his position in Alibaba Group Holding Ltd., calling the shares overvalued, and disclosed plans to build a 'large' position in JD.com In…
Alibaba Group Holding Ltd. announced a $10.2 billion share placement in Hong Kong, its largest-ever equity offering, to fund full-stack AI capabilities including custom chips, data centers, and AI mod…
Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10.2 billion) from a share sale of 710 million shares at HK$112.7 each, a 3.6% discount to Friday's close, to fund its AI expansion…
Alibaba Group Holding Ltd. announced on Sunday (Aug 23) a proposed placement of new shares in Hong Kong with an aggregate consideration of HK$80 billion (US$10.2 billion), which would mark the largest…
Alibaba Group Holding Ltd. announced a proposed Hong Kong share placement worth HK$80 billion ($10.2 billion) to fund its AI infrastructure spending, after reporting a 76% drop in net income to RMB10.…
Alibaba Group Holding Ltd. shares fell 7% to $121.17 on Friday as investors repriced the cost of its AI infrastructure buildout, despite cloud revenue rising 45% to 48.44 billion yuan ($7.2 billion) i…
Alibaba Group Holding Ltd. reported on August 20, 2026 that its AI Cloud and Compute Services revenue rose 45% in the June quarter to RMB48.44 billion ($7.14 billion), the fastest growth in 22 quarter…
Alibaba Group Holding Ltd. increased its capital expenditure by 75% to build AI infrastructure despite a 76% drop in quarterly net income, while releasing open-source Qwen3-8B and Qwen3-27B models tha…
Alibaba Group Holding Ltd. reported a 75% drop in quarterly profit for the April-to-June quarter as it increased spending on artificial intelligence infrastructure, with capital expenditure jumping 75…
Alibaba Group Holding Ltd. reported RMB268.95 billion in revenue for the quarter ended June 30, up 9% year on year, while net income attributable to ordinary shareholders fell 76% to RMB10.54 billion.…
Alibaba Group Holding Ltd. reported fiscal first-quarter revenue of 268.95 billion yuan ($40 billion), up 9% year-over-year and narrowly beating analyst estimates, but net income plunged 75% to 10.44 …
Alibaba Group Holding Ltd. reported a 75% year-over-year decline in net income for the quarter ended June 30, while capital expenditure on AI infrastructure rose 75% to 67.68 billion yuan, Reuters and…
Alibaba Group Holding Ltd. expects its AI product revenue to reach $10 billion next quarter, driven by triple-digit year-over-year growth for twelve consecutive quarters in its Cloud Intelligence Grou…
Alibaba Group Holding Ltd. expects higher gross margins and profitability by replacing purchased chips with its own T-Head semiconductors, which have reached cumulative shipments of 470,000 AI chips. …
Alibaba Group Holding Ltd. reported a 75% drop in net income to RMB 10,444 million ($1.5 billion) for the quarter ending June 30, while revenue rose 9% to RMB 268,953 million ($39.6 billion), as the C…
Alibaba Group Holding Ltd. reported a 75% drop in net income to 10.5 billion yuan ($1.6 billion) for the June quarter, driven by a 75% surge in capital expenditure to 67.7 billion yuan ($10 billion) o…
Alibaba Group Holding Ltd.'s net income plunged more than 75% to 10.5 billion yuan ($1.6 billion) in the latest quarter, despite a 9% revenue jump, as the company ramped up AI spending and faced a Chi…
Alibaba Group Holding Ltd. reported a 45% increase in cloud revenue for the quarter ended June 30, 2026, even as heavy spending on artificial intelligence infrastructure weighed on overall profitabili…
Alibaba Group Holding Ltd. reported adjusted earnings of $1.26 per share for the first quarter of its fiscal year, missing analyst expectations of $1.61 per share, while sales reached $39.6 billion ag…