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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
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 shares at HK$112.70 each. The deal...
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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