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HomeBusinessAlibaba shares fall 8% after $10 billion Hong Kong share sale

Alibaba shares fall 8% after $10 billion Hong Kong share sale

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 Chinese e-commerce and cloud computing company priced 710

Read full story on Channel Newsasia

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