[Alibaba's HK$80 Billion New Share Placement Oversubscribed] Odaily Planet Daily News - Alibaba announced today the placement of new shares to non-U.S. persons outside the United States, with a total placement amount of HK$80 billion. According to reporters from the 'Sci-Tech Innovation Board Daily,' this round of placement has been oversubscribed, with strong demand from high-quality long-term bullish investors such as sovereign wealth funds. (Sci-Tech Innovation Board Daily)