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Alibaba plunges after announcing $10.2 billion share placement to fund AI push

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

Where: Hong Kong

Exact coordinates

hong kong: 22.400, 114.110

Read it at CNBC See this on the map

Alibaba plunges after announcing $10.2 billion share placement to fund AI push
What might happen next? AI-generated

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