#AlibabaRaises$10.2BInHKShareSale 🇨🇳
BREAKING: Alibaba CRASHES -10% in Hong Kong after launching a $10.2B share sale
at a discount.
The new offering is
Alibaba’s LARGEST follow-on sale
since listing, with proceeds destined for AI infrastructure expansion.
Heavy AI spending has already pushed quarterly net profit down -75% YoY, while the discounted pricing fueled today’s sell-off.$BABA $PENGU $ETHFI
BREAKING: Alibaba CRASHES -10% in Hong Kong after launching a $10.2B share sale
at a discount.
The new offering is
Alibaba’s LARGEST follow-on sale
since listing, with proceeds destined for AI infrastructure expansion.
Heavy AI spending has already pushed quarterly net profit down -75% YoY, while the discounted pricing fueled today’s sell-off.$BABA $PENGU $ETHFI
