# Alibaba plunges after announcing $10.2 billion share placement to fund AI push

> Source: <https://www.machinebrief.com/news/alibaba-plunges-after-announcing-dollar102-billion-share-pla-hm15>
> Published: 2026-08-24 02:55:22+00:00

# Alibaba plunges after announcing $10.2 billion share placement to fund AI push

Source:

[CNBC Technology](https://www.cnbc.com/technology/)Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.

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