Alibaba's New Share Placement Receives Nearly 3 Times Oversubscription, Sovereign and Long-term Funds Account for Over 40%
Prefer us on Google
Alibaba has completed the pricing of its new share placement at HKD 80 billion, with the net proceeds being 100% allocated to investing in full-stack AI capabilities to enhance AI infrastructure development. This placement received nearly 3 times oversubscription, exceeding HKD 200 billion. Sovereign and long-term funds accounted for over 40% of the final subscription, reflecting a strong response and high order quality. Major sovereign funds from the Middle East, Europe, and Asia actively participated in this subscription.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Finam Cryptocurrency Enters the Market as a Broker and Crypto Exchange
Dallas Fed Research Suggests Tokenized Deposits May Weaken Bank Liquidity
Trader Shorts $10 Million in Oil, Cuts 75% Position on Iran Invasion
U.S. Regulators Advance Rules to Clarify Definition of Unsafe Practices, Potentially Removing Barriers for Crypto Firms' Access to Banking
Venezuela Discusses Exiting OPEC to Deepen Relations with the U.S.
Citrini Research Claims Treasury-Fed Agreement Could Drive Up 30-Year U.S. Bonds
New Zealand ACT party proposes tax exemption for long-held crypto gains
Glassnode: 1.05 Million BTC Long-Term Holders in the $83,000 to $86,000 Range
ATF Confirms Major Incident Following Qilin's Appearance on Its Leak Site
Stable Sea adds 2 WisdomTree funds for corporate cash
Goldman Sachs Expects Nvidia's Revenue to Grow by 70% in Fiscal Year 2028
Sweden Allocates 270 Million Krona to Aid Ukraine
Bitcoin Holds Steady at $80,000 as Traders Focus on Walsh's Speech
Avalanche proposes zero-inflation validator reward model
Apple Plans to Ship Over 10 Million Foldable iPhones in the First Year
10-Year Won Interest Rate Swap Decreases by 5.50bp
California Pension Fund Increases Investment in SpaceX to $2 Billion
Mr&强|买美股上 WEEX Analyzes US Stocks and Cryptocurrency Market
Variable Robotics Releases WALL-SS Self-Regressive World Model
Jackson Hole Conference Focuses on Long-Term Policy Direction of the Federal Reserve
Deutsche Bank Predicts More Aggressive Debt Management Measures by U.S. Treasury
Concerns Over Dollar Depreciation Support Gold Prices as Market Awaits Walsh's Speech
Yili Hua Bullish, Plans to Close Long Positions at High Levels and Continue Buying
FinTax Completes $40 Million Seed Round Financing Led by YZi Labs
Jack Yi Predicts Bull Market Trend Will Last Until 2028, Advises Against Short Selling
SoftBank Negotiates to Acquire Majority Stake in 1X for $6 Billion
NVIDIA Qwen3.8-Flash-Next Achieves Over 16,000 Tokens/Second Throughput on GB300 NVL72
Copper Prices Surpass 90,000 Yuan/Ton, Driven by AI and Power Grid Demand
Miner Distribution at 51.2%, Airdrop at 20.4% Announced
European Central Bank's Pontes Distributed Ledger Project Set to Launch on September 21, 2026
Finam Cryptocurrency Enters the Market as a Broker and Crypto Exchange
Dallas Fed Research Suggests Tokenized Deposits May Weaken Bank Liquidity
Trader Shorts $10 Million in Oil, Cuts 75% Position on Iran Invasion
U.S. Regulators Advance Rules to Clarify Definition of Unsafe Practices, Potentially Removing Barriers for Crypto Firms' Access to Banking
Venezuela Discusses Exiting OPEC to Deepen Relations with the U.S.
Citrini Research Claims Treasury-Fed Agreement Could Drive Up 30-Year U.S. Bonds
