Alibaba plunges after announcing $10.2 billion share placement to fund AI push — Live Feedhttps://www.live-feeds.com/feed/alibaba-plunges-after-announcing-10-2-billion-share-placement-to-fund-ai-pushContinuously updated, source-cited coverage. Alibaba shares plunge following $10.2 billion AI share placementhttps://www.live-feeds.com/feed/alibaba-plunges-after-announcing-10-2-billion-share-placement-to-fund-ai-pushhttps://www.live-feeds.com/feed/alibaba-plunges-after-announcing-10-2-billion-share-placement-to-fund-ai-push#u48295Tue, 25 Aug 2026 11:11:03 +0000Alibaba shares dropped 10% after the company announced a $10.2 billion share placement to fund its artificial intelligence expansion. The sale, offered at a sharp discount, aims to finance AI models, infrastructure, and chips. To further support this AI push, the company reduced its share buyback program by 80%. Investors reacted negatively to the dilution caused by the discounted offering, contributing to a broader slide in Chinese tech stocks alongside fundraising efforts by YMTC. Michael Burry reported selling his position in Alibaba prior to the announcement, citing the stock as pricey.Why