Business

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Alibaba plans $10 billion Hong Kong share placement to fund AI spending

Aug 23 (Reuters) - China's Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share…

August 23, 2026

Alibaba proposes Hong Kong share placement worth $10 billion

Aug 23 (Reuters) - China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate…

August 23, 2026

Alibaba proposes Hong Kong share placement worth $10 billion

Aug 23 (Reuters) - China's Alibaba announced on Sunday a proposed placement of new shares in Hong Kong. The aggregate…

August 23, 2026

Canada to retaliate for US tariffs, worsening ties after talks fail

By Promit Mukherjee and Bhargav Acharya OTTAWA, Aug 22 (Reuters) - Canada will impose tariffs on some U.S. goods in…

August 23, 2026

Canada to impose retaliatory tariffs on US steel, electronics, other products, Carney says

By Promit Mukherjee and Bhargav Acharya OTTAWA, Aug 22 (Reuters) - Prime Minister Mark Carney said on Saturday that Canada…

August 23, 2026

South Korea ship to test Arctic commercial route amid Western concerns

SEOUL, Aug 22 (Reuters) - A South Korean container ship sets sail on Saturday for Europe via the Arctic in…

August 23, 2026

US Justice Department and TikTok reach $400 million children's privacy settlement

By David Shepardson WASHINGTON, Aug 21 (Reuters) - TikTok and its Chinese parent company ByteDance on Friday agreed to a…

August 23, 2026

Canada's Unifor union, GM reach tentative agreements

Aug 22 (Reuters) - Canadian union Unifor said on Saturday it reached tentative agreements with General Motors on behalf of…

August 23, 2026

Nvidia customers notified about AI-related price hikes above 15%, Bloomberg News reports

Aug 22 (Reuters) - Some of Nvidia's largest customers have been told prices of servers containing its AI chips will…

August 23, 2026

Nvidia customers notified about AI-related price hikes above 15%, Bloomberg News reports

Aug 22 (Reuters) - Some of Nvidia's largest customers have been told prices of servers containing its AI chips will…

August 23, 2026