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Alibaba set to open down 8% in Hong Kong after $10.2 billion share placement plan

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 its HK$80 billion ($10. 21 billion) share placement a

Read full story on Channel Newsasia

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