TREE NEWS update: Alibaba completed an HK$80 billion (~$10.2B) new share placement, with proceeds fully allocated to AI infrastructure. The deal was nearly 3x oversubscribed, with sovereign and long-term funds taking over 40%, reflecting strong global investor confidence. Alibaba’s US-listed shares fell over 9% in premarket trading on the news.
Alibaba’s HK$80B Placement 3x Oversubscribed, Sovereign Funds 40%+
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