{"slug": "alibaba-proposes-hong-kong-share-placement-worth-us-10-billion", "title": "Alibaba proposes Hong Kong share placement worth US$10 billion", "summary": "Alibaba Group Holding Ltd. announced on Sunday (Aug 23) a proposed placement of new shares in Hong Kong with an aggregate consideration of HK$80 billion (US$10.2 billion), which would mark the largest primary follow-on offering by a Hong Kong-listed company and the world's third-largest primary follow-on share sale this year after Alphabet Inc. and Intel Corp. The company said it intends to use 100% of the net proceeds to invest in its full-stack artificial intelligence capabilities, including expanding and enhancing its AI infrastructure.", "body_md": "# Alibaba proposes Hong Kong share placement worth US$10 billion\n\nIt says the deal would mark the largest primary follow-on offering by a Hong Kong-listed company\n\nCHINA’S Alibaba on Sunday (Aug 23) announced a proposed placement of new shares in Hong Kong.\n\nThe aggregate placement consideration is HK$80 billion (US$10.2 billion), the company added.\n\nAlibaba said the deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company and the biggest Regulation S equity offering on record, while ranking as the world’s third-largest primary follow-on share sale this year after Alphabet and Intel.\n\nThe company said it intends to use 100 per cent of the net proceeds from the placement to invest in its full-stack [artificial intelligence capabilities](https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alibabas-qwen-hits-3-billion-downloads-outpacing-china-and-us-ai-rivals), including expanding and enhancing its AI infrastructure. REUTERS\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nMalaysia rules out US$1.9 billion takeover of passport supplier\n\nLaos-China Railway picks up steam, but S-E Asian country struggles to capture gains\n\nE-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan\n\nMedPark’s assistant CEO runs a hospital where patients, physicians precede profits", "url": "https://wpnews.pro/news/alibaba-proposes-hong-kong-share-placement-worth-us-10-billion", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/alibaba-proposes-hong-kong-share-placement-worth-us10-billion", "published_at": "2026-08-23 05:51:11+00:00", "updated_at": "2026-08-23 06:13:09.730933+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["Alibaba Group Holding Ltd.", "Hong Kong", "Alphabet Inc.", "Intel Corp."], "alternates": {"html": "https://wpnews.pro/news/alibaba-proposes-hong-kong-share-placement-worth-us-10-billion", "markdown": "https://wpnews.pro/news/alibaba-proposes-hong-kong-share-placement-worth-us-10-billion.md", "text": "https://wpnews.pro/news/alibaba-proposes-hong-kong-share-placement-worth-us-10-billion.txt", "jsonld": "https://wpnews.pro/news/alibaba-proposes-hong-kong-share-placement-worth-us-10-billion.jsonld"}}