{"slug": "alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure", "title": "Alibaba raises HK$80 billion through a share placement to fund AI infrastructure", "summary": "Alibaba Group 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 proceeds earmarked for AI infrastructure and full-stack AI capabilities. The transaction is expected to close on Aug. 26.", "body_md": "Alibaba has priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion). The transaction is expected to close on Aug. 26.\n\nAlibaba said all net proceeds will be used to strengthen its full-stack AI capabilities and expand related infrastructure. The placement comes as the company accelerates spending on AI computing and cloud services. [[Alibaba Group](https://alihome.alibaba-inc.com/en-US/document-2028384807859257344), [Reuters](https://www.investing.com/news/stock-market-news/alibaba-shares-fall-8-after-10-billion-hong-kong-share-sale-4872570)]", "url": "https://wpnews.pro/news/alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure", "canonical_source": "https://technode.com/2026/08/24/alibaba-raises-hk80-billion-through-a-share-placement-to-fund-ai-infrastructure/", "published_at": "2026-08-24 06:09:54+00:00", "updated_at": "2026-08-24 06:13:36.150127+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-products"], "entities": ["Alibaba Group"], "alternates": {"html": "https://wpnews.pro/news/alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure", "markdown": "https://wpnews.pro/news/alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure.md", "text": "https://wpnews.pro/news/alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure.txt", "jsonld": "https://wpnews.pro/news/alibaba-raises-hk-80-billion-through-a-share-placement-to-fund-ai-infrastructure.jsonld"}}