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Alibaba to Raise $10 Billion by Selling Shares for AI Expansion

Bloomberg Technology Sunday 23 August 2026, 06:13 UTC By Trista Xinyi Luo and Dave Sebastian 1 min read
Key Points

Alibaba to Raise $10 Billion by Selling Shares for AI Expansion Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence. The online retail giant-turned-AI player is offering 710 million shares at HK$112.7 each, according to terms of the deal seen by Bloomberg News. That represents a discount of 3.6% to the close on Friday.

Alibaba to Raise $10 Billion by Selling Shares for AI Expansion Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence. The online retail giant-turned-AI player is offering 710 million shares at HK$112.7 each, according to terms of the deal seen by Bloomberg News. That represents a discount of 3.6% to the close on Friday.
Alibaba (LOCATION) AI Expansion Alibaba (ORG) AI Expansion Alibaba Group Holding Ltd. (ORG) Bloomberg News (ORG)
Originally published by Bloomberg Technology Read original →

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