EconomyAlibaba’s record stock sale adds to Hong Kong tech flood

Alibaba raised HK$80 billion (US$10.2 billion) through a record Hong Kong secondary share sale. The shares were priced at HK$112.70 each, an 8.4% discount to Friday’s close, with all proceeds earmarked for its artificial-intelligence drive and planned spending of more than 380...

AlibabaHong Kong stocksshare saleartificial intelligence

SSouth China Morning Post★★★☆☆2026-08-24 09:09Original