Business

Alibaba Shares Plunge on AI Investment

Updated 2026-08-24 03:10 UTC 1 source Negative

Alibaba's shares fell 10% after the company announced a $10.2 billion share placement to fund its expanding artificial intelligence initiatives.

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CNBC
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
2026-08-24 02:55 UTC
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