CNBC
Alibaba plunges after announcing $10.2 billion share placement to fund AI push
Monday, August 24, 2026
Alibaba announced a $10.2 billion share placement to fund artificial intelligence investments. The company priced the shares on the date of announcement. Alibaba's stock price declined 10% following the announcement.
Original reporting: https://www.cnbc.com/2026/08/24/alibaba-share-placement-drop-ai-hong-kong.html