---
title: "Alibaba raises HK$80 billion through a share placement to fund AI infrastructure"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296743497.md"
description: "Alibaba raised HK$80 billion (US$10.21 billion) by pricing a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, with the transaction closing on Aug. 26. The company stated that all net proceeds will be utilized to strengthen its full-stack AI capabilities and expand related infrastructure, aligning with its strategy to accelerate spending on AI computing and cloud services."
datetime: "2026-08-24T06:09:54.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296743497.md)
  - [en](https://longbridge.com/en/news/296743497.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296743497.md)
generator: "portal-rs"
---

# Alibaba raises HK$80 billion through a share placement to fund AI infrastructure

Alibaba has priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion). The transaction is expected to close on Aug. 26.

Alibaba said all net proceeds will be used to strengthen its full-stack AI capabilities and expand related infrastructure. The placement comes as the company accelerates spending on AI computing and cloud services. \[Alibaba Group, Reuters\]

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**