Live Alibaba plunges after announcing $10.2 billion share placement to fund AI push By Al Arabia NewsByAl Arabia NewsThe Al Arabia News newsroom desk, covering world, regional and business news around the clock. Last updated: August 23, 2026 Share 0 Min Read SHARE Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments. Source: CNBC Share This Article Facebook Bluesky Copy Link Print ByAl Arabia NewsFollow: The Al Arabia News newsroom desk, covering world, regional and business news around the clock. Previous Article Singapore inflation hits highest in nearly two years, but undershoots expectations Next Article US wildfires: Hawk Fire forces mass evacuation in Reno, Nevada Leave a Comment Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. What's Hot Tracking preseason NFL trades: Who is on the move ahead of the season? Jeanty helped off with apparent right knee injury Trump kicks off IndyCar’s Freedom 250 Grand Prix race in Washington, DC U.S. to unveil 'greatest financial offensive' against Iran as Tehran threatens ship seizures Can Kenya’s AI ambitions coexist with Naivasha’s water needs? Scam King chuffed.org and Hamas-Related Fundraising: Follow the Financial Trail Categories Business20 Articles Fashion18 Articles Politics13 Articles Travel7 Articles