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Business

Alibaba raises HK$80 billion for AI and cloud growth

doha-review.comAugust 24, 2026August 25, 2026
by doha-review.comAugust 24, 2026August 25, 2026096
Alibaba Group has priced a HK$80 billion share placement as it increases spending on artificial intelligence and cloud infrastructure. The Chinese technology company will issue...
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AIAlibabaAlibaba CloudArtificial Intelligencecapital spendingcloud growthcloud infrastructurecomputing capacitycomputing infrastructureequity baseHK$80 billioninvestmentsissue pricenon-U.S. investorsoffshore transactionsrevenueshare placementtechnology operations

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