Tsai Joseph C purchased $10.3M of BABA (indirect holdings)

Alibaba raised $10.2B in Hong Kong's largest-ever primary follow-on share offering, pricing 710M shares at an 8.4% discount. US investors were excluded due to regulatory restrictions. Shares fell up to 10% post-offering, with insiders like Chairman Joe Tsai and CEO Eddie Wu buying shares, signaling confidence. Proceeds will fund AI, cloud, and chip investments. According to Alibaba, the company's AI strategy aims to enhance its full-stack capabilities.

Michael Burry, known for his 'Big Short' bet, has turned bearish on Alibaba (NYSE:BABA) after its $10.2 billion share sale to fund AI ambitions. He suggests the stock would need to fall 50% before he would consider buying. Alibaba priced 710 million new Hong Kong shares at an 8.4% discount, with proceeds going toward AI. Burry had previously shifted his position to JD.com (NASDAQ:JD). Alibaba's revenue rose 9% in Q2, but net profit dropped 75% due to AI spending.

Alibaba priced an $10.2B share placement at an 8.4% discount to fund AI spending, leading to a 10.5% stock drop. The offering, the largest in Hong Kong this year, attracted $28B in orders. Alibaba's Q2 net profit fell 75% due to higher AI-related spending, but AI Cloud revenue rose 45%. CEO and Chairman bought shares post-placement.

Alibaba's shares dropped 8.54% after a $10.2B share sale to fund AI expansion. The company sold 710M new shares at a discount. Revenue grew 9% YoY, but net profit fell 75% due to higher AI spending. Alibaba aims to build AI capabilities and infrastructure, with management emphasizing long-term growth over near-term profitability.

Michael Burry sold his entire stake in Alibaba (BABA) and moved capital to JD.com. He cited Alibaba's stock offering and valuation concerns, stating he won't rebuy until a 50% price drop. Alibaba raised $10.2B for AI projects, reporting a 75% profit decline despite 9% revenue growth. Burry also holds positions in Adobe, Fiserv, and short positions in Nvidia, Micron, and Palantir.

Alibaba announced a $80 billion HK share placement to non-U.S. investors, pricing shares at $112.70 HK each. The funds will support AI infrastructure investments. Shares fell 8% in Hong Kong and 1.5% in the U.S. Alibaba reported a 9% revenue gain for the quarter, driven by a 45% increase in AI Cloud and Compute businesses, but earnings fell over 40% due to AI investments.