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  • MSFT
  • GOOGL
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HEADLINELEAD STORY
Alibaba Raises $10.2B for AI in Record Hong Kong Share Sale
VERIFIED2 SOURCESTech· 

Alibaba Raises $10.2B for AI in Record Hong Kong Share Sale

Alibaba launched a $10.2 billion Hong Kong share placement on August 23 to fund its full stack AI capabilities, marking the largest-ever primary follow-on offering by a Hong Kong-listed company. The move comes as the firm has already spent nearly half its three-year capex plan and seen AI payback periods shorten amid surging demand.

via Bloomberg.com· Curated by Xavier RiveraRead story
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