Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Alibaba US Shrs Tumble 10% after Planning to Splurge RMB380B to Expand AI Infra Next 3 Yrs
Recommend 36 Positive 61 Negative 51 |
||||
|
||||
|
Alibaba (BABA.US)'s US-listed shares tumbled 10% at US$129.95 in the early hours of Monday morning after US President Donald Trump signed a memorandum of understanding (MoU) on Chinese investment in the US. Under the MoU, the Committee on Foreign Investment in the United States (CFIUS) will impose restrictions on Chinese investment in the US in strategic fields, including technology, critical infrastructure, healthcare, agriculture, energy and raw materials. In addition, Alibaba announced a plan to invest RMB380 billion in AI and cloud computing infrastructure over the next three years. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
