🔴 Alibaba Group is trading 4.16% down today as HK$80 billion placement dilutes existing shareholders

Alibaba Group is trading at ARS 20290.00, down -4.16%, after investors continued weighing dilution from its completed HK$80 billion equity placement.

• The company issued 710 million new shares at HK$112.70, expanding shares outstanding by approximately 3.7%.
• Proceeds will fund full-stack AI infrastructure, while the discounted issuance pressures existing shareholders.
• Broader risk-off conditions are also weighing on technology stocks as yields and oil prices rise.