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Alibaba (BABA) Stock Drops 9% After Announcing $10.2B Fundraising for AI Expansion

Blocknomi Published 23.08.2026 08:56

Key Highlights Alibaba is launching an HK$80 billion ($10.2 billion) share offering in Hong Kong, marking the biggest primary follow-on offering in Hong Kong stock exchange history. The e-commerce giant…

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