Tuesday, 02 January 2024 12:17 GMT

Alibaba Seeks $10B From Hong Kong Shares To Fund AI Plans


(MENAFN- Investor Brand Network) Alibaba is turning to Hong Kong's capital markets to raise funds for its expanding AI ambitions, launching a $10.2 billion share sale.

Analysts will be wondering whether U.S. tech firms like D-Wave Quantum Inc. (NYSE: QBTS) could also consider cross-listing on other exchanges in order to obtain additional investor funding for their...

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