Alibaba Group Holding said it plans to raise HKD80 billion (US$10.2 billion) through the placement of newly issued shares to non-US investors outside the US, a move that could bolster its artificial intelligence ambitions and shape competition in global cloud…
Happy Monday! Specialist VC funds are expanding beyond their traditional sectors to invest more in deeptech. This and more in today’s ETtech Morning Dispatch.
SoftBank's massive bond sale to fund OpenAI investments highlights its aggressive strategy, potentially reshaping AI industry dynamics and investor confidence. The post SoftBank plans record ¥1T bond sale to fund OpenAI investments appeared first on Crypto Br…
Aug 24 : Alibaba shares fell 8 per cent in early Hong Kong trade on Monday after the tech company finalised a HK$80 billion ($10.21 billion) share placement at HK$112.70 apiece, in a deal aimed at funding artificial intelligence-related development.The Chines…
SHANGHAI, Aug 24 : Hong Kong-listed shares of Alibaba are set to open 8 per cent lower on Monday after the Chinese e-commerce and cloud computing giant launched a $10.2 billion share placement to fund AI development.Alibaba said on Monday said it has priced i…
