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Alibaba secures HK$80 billion to expand AI investment
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Alibaba secures HK$80 billion to expand AI investment

congodailynews.comAugust 24, 2026August 25, 2026
HONG KONG / RankWire.AI / – Alibaba Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure. The Chinese technology group will issue 710 million new ordinary...
AI investmentAlibabaAlibaba Cloud servicesapplications.Artificial Intelligencecapital expenditurechip componentscloud computingcomputing infrastructureexchange ratesHK$80 billionHong Kong-listed sharesinfrastructuremodelsordinary sharesQwen model familyrevenueshare placementtechnology grouptransaction
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Fleet expands as Emirates enters winter season with strong bookings

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