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Alibaba plans $10.2 billion Hong Kong share sale to fund global AI expansion

OnlineKhabar

PoliticsOnlineKhabar·Aug 23, 2026·1 min read

Alibaba plans $10.2 billion Hong Kong share sale to fund global AI expansion

An Alibaba office. (Photo by zhang hui on Unsplash) Beijing, August 23 Chinese technology giant Alibaba said Sunday that it plans to raise HK$80 billion ($10.2 billion) through a new share placement in Hong Kong to fund its global…

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