August 24, 2026

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

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Image: CNBC

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

CNBC reported this story. Read the full report on cnbc.com →

This is a short summary. CNBC wrote and published the full report.

Continue on cnbc.com →

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