Alibaba Group Holding Limited priced a placing of 710,000,000 newly issued ordinary shares at HK$112.70 per share, raising aggregate gross proceeds of HK$80 billion and net proceeds of approximately HK$79.7 billion. The transaction was completed on August 26, 2026, following the agreement dated August 23, 2026. Alibaba intends to use 100% of the net proceeds to invest in full-stack AI capabilities and expand its AI infrastructure. This equity issuance represents approximately 3.57% of the enlarged share capital. Alibaba Group is a global technology company focused on AI + Cloud and commerce.
