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Alibaba prices $10.2 billion share placement to non-U.S. investors
Alibaba Group priced a share placement totaling about $10.2 billion, according to Yahoo Finance.
The transaction involves the company issuing new shares that will be sold to non-U.S. investors, the outlet reported.
The report also notes that Alibaba priced the placement on Monday, framing it as part of the company’s ongoing push tied to its AI efforts and market expectations.
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