Alibaba Seeks to Raise $10 Billion in Share Sale to Fund AI Investments
Mirrored from The Information — AI for archival readability. Support the source by reading on the original site.
Alibaba Group said Sunday that it is looking to raise 80 billion Hong Kong dollars ($10.2 billion) through a major share placement to fund its fast-growing AI investments.
The Chinese tech giant, listed in New York and Hong Kong, is selling shares to investors outside the U.S. The deal is ...
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