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Alibaba secures HK$80 billion to expand AI investment
Business

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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Hainan evacuates over 55,000 after extreme rainfall

congodailynews.comSeptember 16, 2026September 17, 2026
September 16, 2026September 17, 2026

Apple adds first foldable iPhone to lineup with...

congodailynews.comSeptember 16, 2026September 17, 2026
September 16, 2026September 17, 2026

Fleet expands as Emirates enters winter season with...

congodailynews.comSeptember 15, 2026September 16, 2026
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Pakistan inflation rises as food and education gaps...

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AGFA HealthCare Puts Clinical Attention at the Center...

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Abu Dhabi crown prince and Modi deepen UAE-India...

congodailynews.comSeptember 14, 2026September 15, 2026
September 14, 2026September 15, 2026

Nepal sets flood reconstruction needs at $4.78 billion

congodailynews.comSeptember 14, 2026September 15, 2026
September 14, 2026September 15, 2026

Apple launches iPhone Duo foldable starting at $1,999

congodailynews.comSeptember 10, 2026September 11, 2026
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