Top mover alert: Alibaba sinks 10% on record USD10 billion share placement

Macquarie Warrants Singapore

❗ $BABA-W(09988)$ shares are down 10.5% to HKD110.10 as of 957AM after announcing Hong Kong's largest share placement on record

Alibaba sold 710 million shares at HKD112.70 each, a discount of 3.6% to the closing price of Alibaba’s ADR on Friday and 8.4% below Friday's Hong Kong close

💰The company has sold off assets and pledged to spend more than 380 billion yuan over three years toward everything from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family (Bloomberg)

📢In its earnings announcement last week, Alibaba has spent almost USD 10 billion in its quarterly AI investment in a bid to challenge Anthropic and OpenAI, causing profits to plunge more than 75% in the June quarter

Alibaba shares have clawed back some losses and is trading 8.3% lower to HKD112.30 as of 1030AM

✳✴Trending Alibaba call $Alibaba MB eCW270202(MHGW.SI)$ (https://warrants.com.sg/tools/livematrix/MHGW) is down 35% to SGD 0.026 while trending put warrant $Alibaba MB ePW261005(JCJW.SI)$ (https://warrants.com.sg/tools/livematrix/JCJW) is up 84.2% to SGD 0.035

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":600059501286432,"tweetId":"600059501286432","gmtCreate":1787540554543,"gmtModify":1787541748612,"author":{"id":4222215281746782,"idStr":"4222215281746782","authorId":4222215281746782,"authorIdStr":"4222215281746782","name":"Macquarie Warrants Singapore","avatar":"https://community-static.tradeup.com/news/efeeb45a25153f68aad7a5fc978c6cad","vip":5,"userType":5,"introduction":"Macquarie Warrants Singapore","boolIsFan":false,"boolIsHead":false,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[],"wearingBadges":[],"fanSize":411,"starInvestorFlag":false},"themes":[],"images":[{"img":"https://community-static.tradeup.com/news/c33054118f95c51c113e9189eff81e92","width":"473","height":"270"}],"coverImages":[{"img":"https://community-static.tradeup.com/news/c33054118f95c51c113e9189eff81e92","width":"473","height":"270"}],"title":"Top mover alert: Alibaba sinks 10% on record USD10 billion share placement","html":"<html><head></head><body><p>❗ <a href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$</a> shares are down 10.5% to HKD110.10 as of 957AM after announcing Hong Kong's largest share placement on record</p>\n<p>Alibaba sold 710 million shares at HKD112.70 each, a discount of 3.6% to the closing price of Alibaba’s ADR on Friday and 8.4% below Friday's Hong Kong close</p>\n<p>💰The company has sold off assets and pledged to spend more than 380 billion yuan over three years toward everything from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family (Bloomberg)</p>\n<p>📢In its earnings announcement last week, Alibaba has spent almost USD 10 billion in its quarterly AI investment in a bid to challenge Anthropic and OpenAI, causing profits to plunge more than 75% in the June quarter</p>\n<p>Alibaba shares have clawed back some losses and is trading 8.3% lower to HKD112.30 as of 1030AM</p>\n<p>✳✴Trending Alibaba call <a href=\"https://ttm.financial/S/MHGW.SI\">$Alibaba MB eCW270202(MHGW.SI)$</a> (https://warrants.com.sg/tools/livematrix/MHGW) is down 35% to SGD 0.026 while trending put warrant <a href=\"https://ttm.financial/S/JCJW.SI\">$Alibaba MB ePW261005(JCJW.SI)$</a> (https://warrants.com.sg/tools/livematrix/JCJW) is up 84.2% to SGD 0.035</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c33054118f95c51c113e9189eff81e92\" tg-width=\"473\" tg-height=\"270\"></p></body></html>","htmlText":"<html><head></head><body><p>❗ <a href=\"https://ttm.financial/S/09988\">$BABA-W(09988)$</a> shares are down 10.5% to HKD110.10 as of 957AM after announcing Hong Kong's largest share placement on record</p>\n<p>Alibaba sold 710 million shares at HKD112.70 each, a discount of 3.6% to the closing price of Alibaba’s ADR on Friday and 8.4% below Friday's Hong Kong close</p>\n<p>💰The company has sold off assets and pledged to spend more than 380 billion yuan over three years toward everything from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family (Bloomberg)</p>\n<p>📢In its earnings announcement last week, Alibaba has spent almost USD 10 billion in its quarterly AI investment in a bid to challenge Anthropic and OpenAI, causing profits to plunge more than 75% in the June quarter</p>\n<p>Alibaba shares have clawed back some losses and is trading 8.3% lower to HKD112.30 as of 1030AM</p>\n<p>✳✴Trending Alibaba call <a href=\"https://ttm.financial/S/MHGW.SI\">$Alibaba MB eCW270202(MHGW.SI)$</a> (https://warrants.com.sg/tools/livematrix/MHGW) is down 35% to SGD 0.026 while trending put warrant <a href=\"https://ttm.financial/S/JCJW.SI\">$Alibaba MB ePW261005(JCJW.SI)$</a> (https://warrants.com.sg/tools/livematrix/JCJW) is up 84.2% to SGD 0.035</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/c33054118f95c51c113e9189eff81e92\" tg-width=\"473\" tg-height=\"270\"></p></body></html>","text":"❗ $BABA-W(09988)$ shares are down 10.5% to HKD110.10 as of 957AM after announcing Hong Kong's largest share placement on record Alibaba sold 710 million shares at HKD112.70 each, a discount of 3.6% to the closing price of Alibaba’s ADR on Friday and 8.4% below Friday's Hong Kong close 💰The company has sold off assets and pledged to spend more than 380 billion yuan over three years toward everything from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family (Bloomberg) 📢In its earnings announcement last week, Alibaba has spent almost USD 10 billion in its quarterly AI investment in a bid to challenge Anthropic and OpenAI, causing profits to plunge more than 75% in the June quarter Alibaba shares have clawed back some losses and is trading 8.3% lower to HKD112.30 as of 1030AM ✳✴Trending Alibaba call $Alibaba MB eCW270202(MHGW.SI)$ (https://warrants.com.sg/tools/livematrix/MHGW) is down 35% to SGD 0.026 while trending put warrant $Alibaba MB ePW261005(JCJW.SI)$ (https://warrants.com.sg/tools/livematrix/JCJW) is up 84.2% to SGD 0.035","highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/600059501286432","repostId":0,"isVote":1,"tweetType":1,"viewCount":30236,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["09988","JCJW.SI","MHGW.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":955,"optionInvolvedFlag":false,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/600059501286432"}