Alibaba priced its new share placement at HK$80 billion, with all net proceeds intended to be invested in AI.
Alibaba announced a placement of 710 million new shares at HK$112.70 per share, with a transaction size of approximately HK$80 billion. The net proceeds will be used entirely for the construction of full-stack artificial intelligence capabilities and AI infrastructure.
Alibaba announced that it has set the placement price for 710 million new ordinary shares at HK$112.70 per share, with a total placement size of approximately HK$80 billion.
The company plans to invest all net proceeds into full-stack artificial intelligence capabilities, including expanding and enhancing its AI infrastructure. The transaction is expected to close around August 26, 2026, but is subject to customary closing conditions. The announcement also emphasized that there is no guarantee that the placement will ultimately be completed.