
Alibaba plans $10.2 billion Hong Kong share sale to fund global AI expansion
Beijing, August 23 Chinese technology giant Alibaba said Sunday that it plans to raise HK$80 billion ($10.2 billion) through a new share placement in Hong Kong to fund its global artificial intelligence ambitions. The Hangzhou-based company has been investing tens of billions of dollars in AI, as investors increasingly look for ways the company can […] The post Alibaba plans $10.2 billion Hong Kong share sale to fund global AI expansion appeared first on OnlineKhabar English News.