{
  "id": 2949094,
  "title": "Alibaba’s US$10 billion share sale three times oversubscribed in Hong Kong",
  "url": "https://urgent.news/2026/08/24/alibabas-us-10-billion-share-sale-three-times-oversubscribed-in-hong",
  "topic": "world",
  "section": "World",
  "published": "2026-08-24T01:59:29.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/tech/big-tech/article/3365003/alibaba-sets-price-us102-billion-new-share-offer-fuel-ai-expansion"
  },
  "original_language": "en",
  "account": null,
  "summary": "Alibaba Group Holding has sold 710 million new shares at HK$112.70 each to raise HK$80 billion (US$10.2 billion) in one of the largest artificial intelligence-dedicated fundraising efforts by a Chinese technology firm. The offer price represented an 8.4 per cent discount to the stock’s closing price in Hong Kong on Friday and a 3.6 per cent discount to the Friday closing price of its New…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}