07:15
2026-08-24
insideai.news
ai-infrastructure
Alibaba Raises HK$80 Billion in Share Placement to Fund AI Infrastructure
Alibaba Group Holding Ltd. priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion), with the transaction expected to close on Aug. 26.…