Alibaba prices HK$80 billion share placing to fund AI

Alibaba priced a placing of 710 million newly issued ordinary shares at HK$112.70 each, an aggregate of HK$80 billion (about US$10 billion) offered to non-US investors. The company said it will use 100% of the net proceeds for its full-stack AI capabilities, including AI infrastructure. The company expected the placing to close on August 26, 2026, subject to customary conditions.

• 710 million new ordinary shares at HK$112.70 per share
• Aggregate placing consideration of HK$80 billion
• 100% of net proceeds for full-stack AI capabilities and infrastructure
• Offered under Regulation S; expected closing August 26, 2026