5news.Indian news, all in one place

BREAKING

› An AI job boom? Here's what the tedious, temporary work in data labelling is actually like › Day 2 Live: Rishabh Pant's injury in focus as India target 450 › Former captains renew appeal to Pakistan PM over Imran Khan's health › 1st Time In 140 Years: Bangladesh Star Scripts History Despite Big Loss Against Australia › Sri Lanka Break Silence On Fiery On-Field Spat Involving Yashasvi Jaiswal During 2nd Test › Bank strike: Unions call nationwide shutdown over 2 key demands — 5-day work week, PLI scheme rollback; check dates here › Hindu Family Killed In Bangladesh, Attackers Stayed Back For Food, Bath › Nvidia discusses Perplexity investment at $30 billion-plus valuation › Is Melania Trump paid to attend Donald Trump’s events? What former White House aide claims › 8th Pay Commission: 5 key changes from 7th Pay Commission that could shape salaries and allowances › An AI job boom? Here's what the tedious, temporary work in data labelling is actually like › Day 2 Live: Rishabh Pant's injury in focus as India target 450 › Former captains renew appeal to Pakistan PM over Imran Khan's health › 1st Time In 140 Years: Bangladesh Star Scripts History Despite Big Loss Against Australia › Sri Lanka Break Silence On Fiery On-Field Spat Involving Yashasvi Jaiswal During 2nd Test › Bank strike: Unions call nationwide shutdown over 2 key demands — 5-day work week, PLI scheme rollback; check dates here › Hindu Family Killed In Bangladesh, Attackers Stayed Back For Food, Bath › Nvidia discusses Perplexity investment at $30 billion-plus valuation › Is Melania Trump paid to attend Donald Trump’s events? What former White House aide claims › 8th Pay Commission: 5 key changes from 7th Pay Commission that could shape salaries and allowances

Technology

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

Economic Times - Tech · 24 August 2026 at 8:02 am

Alibaba stock slumps in Hong Kong after $10.2 billion share placement to fund AI

Alibaba said on Sunday its HK$80 billion ($10.21 billion) share placement finalised at HK$112.70 apiece - an 8.4% discount to its Friday ‌close - is ⁠aimed at ⁠funding AI-related development, as it redoubles AI bets amid competition and simmering Sino-U.S. tech rivalry.

Read the full article on Economic Times - Tech ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to Economic Times - Tech.

More from Economic Times - Tech

An AI job boom? Here's what the tedious, temporary work in data labelling is actually like

Economic Times - Tech · 13 min ago

Nvidia discusses Perplexity investment at $30 billion-plus valuation

Economic Times - Tech · 28 min ago

SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom

Economic Times - Tech · 35 min ago

AI startup Hugging Face exploring sale valuing it at $13 billion

Economic Times - Tech · 1 h ago

More in Technology

An AI job boom? Here's what the tedious, temporary work in data labelling is actually like

Economic Times - Tech · 13 min ago

Nvidia discusses Perplexity investment at $30 billion-plus valuation

Economic Times - Tech · 28 min ago

SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom

Economic Times - Tech · 35 min ago

AI startup Hugging Face exploring sale valuing it at $13 billion

Economic Times - Tech · 1 h ago

VCs chase deeptech; AI takeaways from ET's WLF

Economic Times - Tech · 1 h ago

Samsung Galaxy Z Fold 8 Ultra Review: The Best Z Fold Yet

Gadgets360 (NDTV) · 11 h ago