reuters.com

Alibaba to Raise $10.2B in Hong Kong Share Placement for AI Spending

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Sig3.39Sen+0.46Env-0.03Soc+0.05Gov+0.14

Alibaba plans a $10.2 billion Hong Kong share placement and will invest 100% of net proceeds in its “full stack” AI capabilities, including chips, infrastructure, and AI model development and deployment. The offer is priced at a 3.6% discount and drew strong investor demand, leading to an upsized offering, with limited category-level investment details.

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