# Alibaba raises HK$80 billion through a share placement to fund AI infrastructure

> Source: <https://technode.com/2026/08/24/alibaba-raises-hk80-billion-through-a-share-placement-to-fund-ai-infrastructure/>
> Published: 2026-08-24 06:09:54+00:00

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.

Alibaba 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)]