TechBloomberg Tech1h ago
Alibaba raises $10 Bln in Record Hong Kong Share Sale
Alibaba Raises $10 Bln in Record Hong Kong Share Sale
TL;DRAlibaba raised $10.2 billion in Hong Kong's largest secondary share offering despite stock price weakness.
Why it matters: Major capital raise signals confidence in AI pivot but stock decline suggests investor skepticism about valuation.
Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale. The online retail giant-turned-AI player sold 710 million shares at HK$112.7 each. Its shares slid as much as 10% Monday morning, their steepest drop since April 2025. Bloomberg's Anthony…
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