Alibaba announced plans to raise HK$80 billion (US$10.2 billion) through a Hong Kong share placement, aiming to accelerate advancements in artificial intelligence development.
Alibaba plans to sell 710 million ordinary shares at HK$112.70 each
Aug 23, 2026
03:03 pm
What's the storyChinese e-commerce and cloud computing giant Alibaba has announced plans to raise HK$80 billion (around $10.2 billion) through a share placement.
The move, if successful, would be the largest primary follow-on offering by a Hong Kong-listed company and the third-largest globally this year after Alphabet and Intel's offerings.
Chinese tech giant Alibaba announced on Sunday that it plans to raise around HK$80 billion ($10.2 billion) through a new share…
Chinese e-commerce group will use the proceeds to expand its full-stack AI capabilities
HONG KONG, Aug 23 — Chinese tech giant Alibaba said today that it plans to issue HK$80 billion (RM41.2 billion) in new shares in…
Alibaba announced a $10.2 billion Hong Kong share placement, its largest ever, to fund full-stack AI capabilities as quarterly…
Alibaba aims to raise $10 billion through a share sale to enhance its artificial intelligence capabilities and compete globally.
Alibaba announces a $10 billion share sale to fund its global artificial intelligence (AI) ambitions, investing in full-stack AI…
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Breaking | Alibaba to issue HK$80 billion in new shares for global AI push
Alibaba proposes $10 billion share placement to fund global AI drive - The Economic Times
