Alibaba shares fall 8% after ₹97,614-cr AI share sale offered at sharp discount

Alibaba shares fell 8% in Hong Kong after it launched a $10.2-billion (₹97,614 cr) share sale to fund its AI ambitions. The company priced 710 million new shares at an 8.4% discount, raising concerns over dilution and downward pressure on the stock. While Alibaba is betting heavily on AI growth, investors remain wary of execution risks and the discounted offering.