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HK Shares Fall After Report of Chinese Data-Leak Probe","url":"https://stock-news.laohu8.com/highlight/detail?id=2669319177","media":"Reuters","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2669319177?lang=en_us&edition=fundamental","pubTime":"2026-09-23 13:03","pubTimestamp":1790139795,"startTime":"0","endTime":"0","summary":"BUZZ-Alibaba HK shares fall after report of Chinese data-leak probe** Hong Kong shares of Alibaba9988.HKfall 4.2% to HK$110** On course for biggest one-day pct decline since August 24 and to snap 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to Open Data Centers in Europe, Middle East in AI Infra Expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=2669017246","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2669017246?lang=en_us&edition=fundamental","pubTime":"2026-09-23 12:32","pubTimestamp":1790137978,"startTime":"0","endTime":"0","summary":"Alibaba  said Wednesday it will build its first cloud data centers in Turkey, Finland, and the Netherlands over the next 12 months as part of the Chinese e-commerce giant's AI infrastructure expansion in Europe and the Middle East.The company said it is also planning additional data centers in Malaysia, Germany, the United Arab Emirates, France and Hong Kong, in a push to bolster its cloud and AI services capabilities.Li Feifei, the company's chief technology officer and president of international business at Alibaba Cloud Intelligence, made the announcements at a key investor event held in Hangzhou, China.At the event, Alibaba also announced technology partnerships, including with Panasonic Digital Shanghai, Lion Parcel, Loomi Entertainment Group, SHAKE, and Unity 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Chief Executive Eddie Wu's messages of a 20-gigawatt AI infrastructure target by fiscal 2033 could translate to $160 billion in external cloud revenue by then, the bank says. That compares with Citi's current forecast of $100 billion in fiscal 2031. The bank also expects Alibaba to continue its high capital expenditure in the coming years. Citi keeps a buy rating on the stock with a target price of HK$189.00. 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