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Alibaba to raise $10bn via new Hong Kong shares to fund AI investments

Technology · en

Alibaba to raise $10bn via new Hong Kong shares to fund AI investments

Nikkei Asia · Aug 23, 2026, 8:38 AM UTC

HONG KONG -- Alibaba Group announced on Sunday that it is raising 80 billion Hong Kong dollars ($10.2 billion) through a new share placement to invest