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

Alibaba Group Holding Ltd. shares plunged 10% after the company priced a $10.2 billion share placement to fund its artificial intelligence investments.

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. Get AI news in your inbox Daily digest of what matters in AI.