[BUSINESS]■ STORY TIMELINE

ALIBABA RAISES $10B FOR AI PUSH VIA SHARE OFFERING

Alibaba launched a HK$80 billion ($10.2 billion) share placement on Sunday, offering 710 million shares at a 3.6% discount to fund artificial intelligence investments.

1 SOURCEFIRST SEEN AUG 23, 03:50 PM► READ THE ARTICLE

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Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)

Reuters: Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 7…

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