Tag: Alibaba AI

Alibaba raised $10.2 billion for AI infrastructure as its stock fell 8.5%. Chairman Joseph Tsai and CEO Eddie Wu bought shares after the slump. (REUTERS)
Posted in Business

Alibaba stock plunges 8.5% after $10.2 billion AI fundraise; top bosses buy shares

 August 24, 2026  Leave a Comment on Alibaba stock plunges 8.5% after $10.2 billion AI fundraise; top bosses buy shares

Alibaba Group has raised HK80$ (10.2 billion) through a new share sale in Hong Kong. The money will be used entirely to expand the company’s…

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Alibaba stock climbed after the company launched its powerful Qwen3.8-Max AI model (REUTERS/Dado Ruvic/Illustration/File Photo) (REUTERS)
Posted in Business

Alibaba stock jumps 4.5% after launch of Qwen3.8-Max AI model boosts investor confidence

 August 3, 2026  Leave a Comment on Alibaba stock jumps 4.5% after launch of Qwen3.8-Max AI model boosts investor confidence

Alibaba’s US-listed shares jumped around 4% to 4.5% in pre-market trading after the company launched its newest AI model, Qwen3.8-Max. This strong AI announcement made…

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