Alibaba Group Holding Ltd ADR
BABA: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| Hq^ | LOCK|JS | LOCK|Bndk%v@ |
Alibaba: HKD 80 Billion Placement to Fund AI; Fair Value Estimate Trimmed by 3%
Alibaba announced a new HKD 80 billion ordinary share placement at HKD 112.70 per share, a 3.6% discount to the US close price on Friday, to fund artificial intelligence investment. Shares fell 9% in Monday's Hong Kong session.
