Alibaba Hong Kong shares fall over 9% on share sale

Alibaba's Hong Kong shares fell more than 9% at midday on Monday, August 24, 2026, after the company announced the HK$80 billion share sale at an 8.4% discount. The broader Hong Kong market also fell, with the Hang Seng Index down 2.1%, so part of the decline was market-wide. For traders, the placing adds about 710 million shares to a base of roughly 19 billion.

• Alibaba shares fell over 9% in Hong Kong at midday
• Placing priced at an 8.4% discount to the market
• Hang Seng Index down 544 points, or 2.1%, to 25,465 at noon
• Placing size: HK$80 billion, 710 million new shares