Alibaba Raises $10.2B in Mega Share Sale to Power Full-Stack AI Push

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‼️ Alibaba (BABA) plans to raise approximately HK$80 billion (~$10.2 billion) through a share sale to bolster its full-stack AI capabilities, offering 710 million shares at HK$112.7 each—a 3.6% discount to its ADR closing price on August 21, according to Bloomberg
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