Alibaba Group News - August 23, 2026

Alibaba Launches Record $10.2B Share Sale, Funding AI Expansion

Alibaba Group announced plans on Sunday for a share placement in Hong Kong to raise approximately HK$80 billion ($10.2 billion). This offering marks the...

David Tepper's Appaloosa cuts Alibaba (BABA) stake by 42%

Billionaire investor David Tepper's Appaloosa Management reduced its position in Alibaba by 42.28% during the second quarter of 2026, lowering its holding to...