EconomyAlibaba shares fall 8% after $10 billion Hong Kong share sale
Alibaba shares dropped 8% in early Hong Kong trading on Monday after the technology company completed an HK$80 billion ($10.21 billion) share placement at HK$112.70 per share. The deal is intended to finance artificial intelligence-related development.
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Reuters★★☆☆☆2026-08-24 05:05Original
Alibaba shares fall 8% after $10 billion Hong Kong share sale
Economy