Premarket Movers | Chinese ADRs Drop as Alibaba Raises $10 Billion in Record Hong Kong Share Sale

Tiger Newspress

5 hours ago

Chinese ADRs dropped in premarket trading. Direxion Daily FTSE China Bull 3X Shares fell 5%; Alibaba fell 4%; NetEase, Li Auto, and Bilibili fell 3%; NIO, Baidu, PDD Holdings, and JD.com fell 2%.

Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale, underscoring its willingness to amass and spend vast sums to take the lead in global artificial intelligence.

The online retail giant-turned-AI player sold 710 million shares at HK$112.7 each, a discount to Friday’s Hong Kong close.

The capital-raising reflects Alibaba’s eagerness to outspend its Chinese rivals and move closer to the scale of outlays by US peers. The company has sold off assets and pledged to spend more than 380 billion yuan over three years on AI, from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family.

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One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.etasphere.com/news/1122223053"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1122223053\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1122223053?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-24 16:08","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1122223053","market":"us","top_or_hot":-1,"title":"Premarket Movers | Chinese ADRs Drop as Alibaba Raises $10 Billion in Record Hong Kong Share Sale","media":"Tiger Newspress","content":"<html><head></head><body><p>Chinese ADRs dropped in premarket trading. <a href=\"https://laohu8.com/S/YINN\">Direxion Daily FTSE China Bull 3X Shares</a> fell 5%; <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> fell 4%; <a href=\"https://laohu8.com/S/NTES\">NetEase</a>, <a href=\"https://laohu8.com/S/LI\">Li Auto</a>, and <a href=\"https://laohu8.com/S/BILI\">Bilibili</a> fell 3%; <a href=\"https://laohu8.com/S/NIO\">NIO</a>, <a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, <a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a>, and <a href=\"https://laohu8.com/S/JD\">JD.com</a> fell 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/48e2fa66a6e875bc239ace5ee64a01b0\" tg-width=\"734\" tg-height=\"402\"/></p><p>Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale, underscoring its willingness to amass and spend vast sums to take the lead in global artificial intelligence.</p><p style=\"text-align: start;\">The online retail giant-turned-AI player sold 710 million shares at HK$112.7 each, a discount to Friday’s Hong Kong close.</p><p style=\"text-align: start;\">The capital-raising reflects Alibaba’s eagerness to outspend its Chinese rivals and move closer to the scale of outlays by US peers. The company has sold off assets and pledged to spend more than 380 billion yuan over three years on AI, from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Premarket Movers | Chinese ADRs Drop as Alibaba Raises $10 Billion in Record Hong Kong Share Sale</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPremarket Movers | Chinese ADRs Drop as Alibaba Raises $10 Billion in Record Hong Kong Share Sale\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2026-08-24 16:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese ADRs dropped in premarket trading. <a href=\"https://laohu8.com/S/YINN\">Direxion Daily FTSE China Bull 3X Shares</a> fell 5%; <a href=\"https://laohu8.com/S/BABA\">Alibaba</a> fell 4%; <a href=\"https://laohu8.com/S/NTES\">NetEase</a>, <a href=\"https://laohu8.com/S/LI\">Li Auto</a>, and <a href=\"https://laohu8.com/S/BILI\">Bilibili</a> fell 3%; <a href=\"https://laohu8.com/S/NIO\">NIO</a>, <a href=\"https://laohu8.com/S/BIDU\">Baidu</a>, <a href=\"https://laohu8.com/S/PDD\">PDD Holdings</a>, and <a href=\"https://laohu8.com/S/JD\">JD.com</a> fell 2%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/48e2fa66a6e875bc239ace5ee64a01b0\" tg-width=\"734\" tg-height=\"402\"/></p><p>Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale, underscoring its willingness to amass and spend vast sums to take the lead in global artificial intelligence.</p><p style=\"text-align: start;\">The online retail giant-turned-AI player sold 710 million shares at HK$112.7 each, a discount to Friday’s Hong Kong close.</p><p style=\"text-align: start;\">The capital-raising reflects Alibaba’s eagerness to outspend its Chinese rivals and move closer to the scale of outlays by US peers. The company has sold off assets and pledged to spend more than 380 billion yuan over three years on AI, from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"YINN","symbol_name":"三倍做多富时中国ETF-Direxion","start_time":0,"source_url":"","article_id":"1122223053","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122223053","pubTimestamp":1787558911,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Chinese ADRs dropped in premarket trading. $Direxion Daily FTSE China Bull 3X Shares(YINN)$ fell 5%; $Alibaba(BABA)$ fell 4%; $NetEase(NTES)$, $Li Auto(LI)$, and $Bilibili(BILI)$ fell 3%; $NIO(NIO)$,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"YINN":"三倍做多富时中国ETF-Direxion","BBYY":"GraniteShares YieldBOOST BABA ETF","BIDU":"百度","BIDG":"2倍做多BIDU ETF-Leverage Shares","PDD":"拼多多","JD":"京东","NIOG":"2倍做多NIO ETF-Leverage Shares","NTES":"网易","BABC":"Corgi BABA 2x Daily ETF","PDDL":"2倍做多PDD ETF-GraniteShares","BABO":"BABA期权收益策略ETF-YieldMax","KBAB":"2倍做多BABA ETF-KraneShares","BABU":"Direxion Daily BABA Bull 2X ETF","KPDD":"2倍做多PDD ETF-KraneShares","KBDU":"2倍做多BIDU ETF-KraneShares","LI":"理想汽车","BABW":"Roundhill BABA WeeklyPay ETF","KJD":"2倍做多JD ETF-KraneShares","BILI":"哔哩哔哩","BABX":"2倍做多BABA ETF-GraniteShares","BABA":"阿里巴巴","NIO":"蔚来"},"translate_title":"盘前推动者 | 阿里巴巴-SW在创纪录的港股发售中筹集 100 亿美元，中国美国存托凭证下跌","themeId":"330240692f324d079ccf839d9e4180bf","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ece41a73e5892b298681aff5afeae10c","symbols_score_info":{"NIOG":0.6,"BABO":0.6,"KPDD":0.6,"BABX":0.6,"NIO":2,"YINN":2,"KBDU":0.6,"PDD":2,"BABC":0.6,"BABA":2,"JD":2,"KBAB":0.6,"BIDU":2,"PDDL":0.6,"BABU":0.6,"KJD":0.6,"BIDG":0.6,"BILI":2,"BABW":0.6,"LI":2,"BBYY":0.6,"NTES":2},"content_text":"Chinese ADRs dropped in premarket trading. Direxion Daily FTSE China Bull 3X Shares fell 5%; Alibaba fell 4%; NetEase, Li Auto, and Bilibili fell 3%; NIO, Baidu, PDD Holdings, and JD.com fell 2%.Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s biggest secondary share sale, underscoring its willingness to amass and spend vast sums to take the lead in global artificial intelligence.The online retail giant-turned-AI player sold 710 million shares at HK$112.7 each, a discount to Friday’s Hong Kong close.The capital-raising reflects Alibaba’s eagerness to outspend its Chinese rivals and move closer to the scale of outlays by US peers. The company has sold off assets and pledged to spend more than 380 billion yuan over three years on AI, from chips and data centers to large-language model development. Its flagship Qwen offering is now the world’s most popular model family.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}