Alibaba announces pricing of HK$80B placing of new shares in Hong Kong

Alibaba (BABA) Group announced the pricing of its HK$80B placing of 710,000,000 newly issued ordinary shares of the Company to non-U.S. persons outside the United States, at a placing price of HK$112.70 per Placement Share. The Equity Placement is expected to close on August 26, 2026, subject to customary closing conditions. The Equity Placement is being undertaken to extend the Company’s global AI leadership. Alibaba intends to use 100% of the net proceeds from the Equity Placement to invest in its full stack AI capabilities, including to expand and enhance its AI infrastructure.

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