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Search results for: "Hong Kong". 2 articles found.

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

NY Post - 5 hours 14 min ago
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.
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Alibaba is raising $10.2bn and spending all of it on AI

The Next Web - 15 hours 12 min ago
Alibaba is placing HK$80bn, about $10.2bn, of new shares in Hong Kong and says all net proceeds will go to AI infrastructure and capabilities. It comes days after the company reported a 75% fall in quarterly net profit driven by that same spending. Alibaba is going to the market for money to spend on AI, […] This story continues at The Next Web...
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