crypto10 %Alibaba shares drop 10% after record $10

Alibaba shares drop 10% after record $10.2 billion AI fundraising

Alibaba raised $10.2 billion in Hong Kong to fund its AI projects.

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The fact

Its shares dropped 10% in response to this costly bet on the group's margins.

This record fundraising raises questions about the short-term profitability of AI investments.

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