Corporate$BABA1:50 PM ET

Alibaba places 710M shares at HK$112.70, 3.6% discount; Burry criticizes deal as AI spending cuts profits 75%

By BORSA NewsroomPublished Aug 23, 2026, 1:50 PM EDTUpdated Aug 23, 2026, 1:51 PM EDT

Alibaba placed 710 million shares at HK$112.70, a 3.6% discount. Michael Burry criticized the deal, linking it to AI spending that drove profits down 75%.

Sentimentneutral 50

Neutral · 50 of 100

Impact20

low · stays off the top drivers

Confidence70%

moderate confidence · single wire

Eventdeveloping

v1 · alerted to followers

WHAT WE KNOW

710 million shares placed.
Price: HK$112.70 per share.
Discount: 3.6%.