FinanceThe Next Webabout 1 hour ago
Alibaba Execs Buy Shares After 8.4% Drop
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Alibaba Chairman Joe Tsai and CEO Eddie Wu spent HK$120m on company shares Monday after the stock fell 8.4% to HK$112.70. The placement raises HK$80bn for AI infrastructure, with net profit down 75% and capex up 75%.
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