Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending
CANADA – 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images SoftBank on Thursday reported profit for its fiscal first quarter that beat market expectations, driven by a huge gain…
CBRE advises on the sale of Prague Marriott and Millennium to a J&T-backed buyer in what it describes as the largest single-asset hotel transaction in Central and Eastern Europe in 2026. CRE Herald Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives. Subscribe Now…
Kuwait Finance House (KFH) spent 2025 reshaping its private banking and wealth management (PBWM) business around a simple proposition: that affluent Islamic clients should no longer have to compromise between sophisticated global wealth management capabilities and strict adherence to Shariah principles. That ambition underpinned a broad transformation programme, during which KFH consolidated previously fragmented operations…
While Freddie Mac’s weekly mortgage rate survey may show rates moving slightly lower this week, today’s rates are actually higher than they were at the same time last week (6.76% vs 6.69%). Financial news continued to focus on yesterday’s announcement of Treasury buybacks after Secretary Bessent spoke on CNBC this morning, but today’s bump in…
Danyluck and the design firm countered that the shares were intentional compensation for architectural and design work performed on the project, not the result of administrative error. Danyluck testified he provided roughly 2,100 hours of architectural services between 2021 and 2022, worth about $200,000 in fees, on the understanding he would be paid partly in…
Portage, the fintech-focused investment platform within Sagard, has completed fundraising for its fourth venture vehicle, Portage Ventures IV, at roughly $600 million. The close, announced on September 16, 2026, arrives as the firm marks a decade of backing companies that are changing how financial services operate. Combined with earlier strategies, the new capital lifts Portage’s…