07:08
2026-08-24
businesstimes.com.sg
ai-infrastructure
Alibaba shares slide after US$10.2 billion AI share sale offered at sharp discount
Alibaba's Hong Kong shares fell 9.8% to HK$111.00 on Monday after the company launched a US$10.2 billion share sale at HK$112.70 per share, an 8.4% discount to Friday's close, to fund AI development. …