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Ali Baba plans $10B share sale
The Chinese group Alibaba announced its intention to raise $10 billion by offering 710 million shares on the Hong Kong Stock Exchange at a price of 112.7 Hong Kong dollars per share, aiming to boost its investments in artificial intelligence. This offering comes as the company increases its capital expenditure to approximately $10 billion USD, to strengthen its infrastructure and expand its capabilities in competitive global AI development.
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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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