Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments. Key points and original sources are listed below.

• Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AIS1

• Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.S2