Alibaba Launches Record $10 Billion Share Sale to Enter the AI Race

Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale. The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities. Alibaba Wants to Enter the AI Race Alibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday’s