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Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansion

Source: The Times of India· Anupam Nagar· August 24, 2026
Global Market: Alibaba shares slide after $10.2 billion share placement to fund AI expansion

Alibaba shares fell as much as 10% after the company launched a $10.2 billion share placement to fund AI expansion. The discounted offering raised dilution concerns, while heavy AI spending and a 75% profit decline intensified investor scrutiny over returns. …

This story was reported by The Times of India. Read the full original article:
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