shares

Alibaba’s shares fell 10% after announcing a $10.2 billion share placement to fund AI development and infrastructure expansion. This move aims to bolster its AI capabilities and solidify its competitive position. The placement, priced at a discount, follows a quarter where AI investments led to a 75% profit drop and a surge in capital expenditures. Alibaba is committed to a full-stack AI approach, investing significantly to leverage its data and user base for future growth.

Venus Concept is raising capital through a registered direct offering. The company aims to raise $1.15 million initially by selling common stock at $2.65 per share, with an additional $2.3 million possible through warrants. The offering, which is expected to close around June 9, 2025, will provide funds for general corporate purposes. Venus Concept, a medical aesthetic technology provider in over 60 countries, offers a range of devices and is driven by investors in the healthcare industry.