Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)

Techmeme — Aug 23, 15:50 PM

https://www.techmeme.com/260823/p7#a260823p7" title="Techmeme permalink">http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /> http://www.reuters.com/">Reuters:

https://www.reuters.com/business/retail-consumer/alibaba-proposes-hong-kong-share-placement-worth-10-billion-2026-08-23/">Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close — China's Alibaba (9988.HK) on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.