Alibaba Raises $10.2 Billion in Record Share Sale to Accelerate AI Expansion

Breakingviews - Alibaba's $10 bln share sale starts AI countdown

HONG KONG, Aug 24 (Reuters Breakingviews) - The $286 bln Chinese firm's record offering to fund new tech comes just days after reporting a 75% plunge in quarterly earnings. At least it reckons it can recoup AI hardware costs in three years. That kicks off ⁠an unusually specific deadline for boss

Alibaba is raising $10.2bn and spending all of it on AI

The Hong Kong placement is the largest primary follow-on by a locally listed company, and it is roughly half of what the EU has committed to its entire AI gigafactory programme Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI

Alibaba raises $10 billion in Hong Kong share sale for AI

The Chinese tech company sold 710 million shares at HK$112.70 each, with demand from institutional investors nearly tripling the offering Alibaba Group raised HK$80 billion ($10.2 billion) in Hong Kong's largest follow-on share offering, with the company saying it will use all net proceeds to

Alibaba to raise US$10 billion for AI expansion amid strong demand

Alibaba Group Holding plans to issue HK$80 billion (US$10.2 billion) in new shares to finance its investments in artificial intelligence (AI), the company announced on Sunday. The funds raised will be directed toward enhancing Alibaba's full-stack AI capabilities, including the expansion of its AI

Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansion

Alibaba shares fell as much as 10% after the company launched a $10.2 billion share placement to fund AI expansion. The discounted offering raised dilution concerns, while heavy AI spending and a 75% profit decline intensified investor scrutiny over returns. Alibaba plans major infrastructure

Why Is Alibaba Stock Falling Monday? - Alibaba Gr Hldgs (NYSE:BABA)

Alibaba's AI Spending Spree Intensifies -- Surprise Stock Sale Has Analysts Asking Why Alibaba Group Holding Limited (NYSE:BABA) stock slid by almost 4% during Monday premarket trading. Nasdaq futures are down 0.75% while S&P 500 futures have shed 0.22%. The Chinese e-commerce juggernaut is using

Alibaba proposes $10 billion share placement to fund global AI drive

The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the huge investments. The company intends to use all of the net proceeds to invest in its "full stack AI capabilities, including to expand and enhance its AI

Alibaba chairman, CEO buy $15.3 million in shares after $10.2 billion AI funding deal

Michael Burry sold his Alibaba position and vowed not to buy it back unless shares fall 50% from current levels. One day later, Alibaba's CEO put $15.3 million of their own money into the stock, Seeking Alpha reported. That is the entire Alibaba story in two sentences. And figuring out which side

Alibaba's $10.2 billion AI bet could reach far beyond investors

Alibaba is asking investors to pay for a transition that is much broader than a fresh product launch. The Chinese technology giant plans to issue HK$80 billion, or about $10.2 billion, in new shares and use the proceeds to expand its artificial intelligence capabilities across chips, cloud

Alibaba shares slide after US$10.2 billion AI share sale offered at sharp discount

China's Alibaba shares slumped in Hong Kong trade on Monday after it launched a US$10.2 billion share sale at a steep discount to fund its AI ambitions, with investors focused on stock dilution and execution risks. The e-commerce and cloud computing giant said it would sell HKUS$80 billion

Alibaba launches $10B Hong Kong share placement to fund AI spending

China's Alibaba on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering by a Hong Kong-listed company. It would rank as

BofA maintains Alibaba stock rating on $10.3 billion AI funding By Investing.com

Investing.com - BofA Securities reiterated a Buy rating and $172.00 price target on Alibaba Group Holding (NYSE:BABA) following the company's announcement of a significant capital raise for artificial intelligence investments. The target implies 45% upside from the current price of $118.47, and

Alibaba plans record $10.2 billion Hong Kong share sale to fund AI By Investing.com

Investing.com -- Alibaba Group Holding Ltd. (NYSE:BABA) plans to raise HK80 billion ($10.2 billion) through a Hong Kong share placement to finance artificial intelligence development, Reuters reported Sunday. The transaction would be the largest primary follow-on offering ever undertaken by a Hong

Alibaba to Raise $10.20 Billion for AI Investment With Share Placement -- Update

By Fabiana Negrin Ochoa and Tracy Qu Alibaba plans to raise $10.2 billion to invest in artificial intelligence, a move that could sharpen its edge in the field but which has stoked fears of share dilution, sending its stock sharply lower. The Chinese tech heavyweight said Sunday that it reached

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

SHANGHAI, Aug 24 (Reuters) - The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors worried about payback from its massive AI spending. Alibaba said on Sunday its HK$80 billion ($10.21

Alibaba to Bulk Up AI Investment via $10.20 Billion Share Placement

Alibaba is aiming to raise $10.2 billion to invest in it artificial-intelligence buildout, looking to sharpen its edge as competition heats up. The Chinese tech heavyweight said Sunday that it entered into a placement agreement for 710 million new shares that will be offered to investors outside