GoKawiilZ.AI Targets $5 Billion in New Funding Round
Chinese AI company Z.AI, previously known as Zhipu AI, is seeking to raise $5 billion in fresh capital. The move follows a $4 billion share placement the company completed just two months earlier in July.
Share Placement
3 GoKawiil briefs on this topic
Alibaba raises $10.2 billion via share placement to fund AI expansion
Alibaba is issuing new shares to raise approximately $10.20 billion, with proceeds earmarked for further investment in artificial intelligence infrastructure and technology. The move comes as the company continues to pour capital into AI development amid intense competition among Chinese and global tech giants.
Alibaba stock drops 8% after $10.2 billion share sale to fund AI buildout
Alibaba priced an 80 billion Hong Kong dollar (about $10.2 billion) placement of 710 million new shares at HK$112.70 each, sold to non-U.S. investors and set to close Wednesday. The company says all proceeds will go toward expanding its AI infrastructure and broader AI capabilities. Shares fell as much as 10% in Hong Kong trading following the announcement.