Alibaba’s AI Bet: $10B Share Sale | Business and Finance News

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Recorded24 Aug 2026

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Alibaba just raised $10 billion in its biggest Hong Kong share placement ever, fueling an AI-powered future as it accelerates infrastructure spending and slashes expected ROI from three to 2.5 years — even though quarterly profits tanked 75% due to the burn. With a new Korean data center and over 100 global zones, they’re betting big on AI dominance now, no matter the short-term pain. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7730c69547842098

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