Alibaba slips 8% after pricing HK$80B share placement to fund AI Alibaba shares dropped 11% after announcing an HK$80 billion share placement to fund AI expansion. Key points and original sources are listed below.

• Alibaba slips 8% after pricing HK$80B share placement to fund AIS1

• Alibaba shares dropped 11% after announcing an HK$80 billion share placement to fund AI expansion. The company will issue 710 million shares below the previous closing price. Proceeds will enhance AI capabilities amid a 75% decline in quarterly net profit.S2