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Alibaba to issue HK$80 billion in new shares for global AI push

Alibaba Group Holding will issue HK$80 billion in new shares and use the entire proceeds to invest in AI, aiming to extend its global AI leadership, the Chinese tech giant said on Sunday. The funds will support its full-stack AI capabilities, including expanding AI infrastructure. Last week, Alibaba reported a 45% year-over-year increase in second-quarter cloud and AI revenue, with capital expenditure up 75% to 67.7 billion yuan.

read1 min views1 publishedAug 23, 2026
Alibaba to issue HK$80 billion in new shares for global AI push
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The Chinese tech giant announced it will issue HK$80 billion in new shares to fully fund its global AI push

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Alibaba Group Holding will issue HK$80 billion worth of new shares and use the entire proceeds to invest in AI, the Chinese tech giant said on Sunday.

The move aims to “extend the company’s global AI leadership”, according to the company. It will use the funds raised to “invest in its full stack AI capabilities”, including expanding and enhancing its AI infrastructure, Alibaba said.

Last week, Alibaba announced a 45 per cent of year-over-year jump in its second-quarter revenue in cloud and AI businesses, with capital expenditure expanding 75 per cent from a year earlier to 67.7 billion yuan.

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source & further reading
scmp.com — original article Tech paradox: fear of being left behind drives China non-programmers to build own AI tools China builds world’s first custom plant immunity system for epidemic response As Hong Kong boosts governance efficiency with AI, balance is key
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