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Alibaba’s record stock sale adds to Hong Kong tech flood

South China Morning Post - Business · 2026年8月24日 17:09

Alibaba’s record stock sale adds to Hong Kong tech flood

Alibaba raised HK$80 billion (US$10.2 billion) in a record Hong Kong secondary stock sale as the e-commerce giant pours money into artificial intelligence (AI).

Shares were priced at HK$112.70 apiece, an 8.4 per cent discount to Friday’s close, according to a Hong Kong stock exchange filing.

The Han

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