{"id":148831,"date":"2026-08-23T19:33:26","date_gmt":"2026-08-23T19:33:26","guid":{"rendered":"https:\/\/www.europesays.com\/ai\/148831\/"},"modified":"2026-08-23T19:33:26","modified_gmt":"2026-08-23T19:33:26","slug":"alibaba-plans-10-2b-share-issuance-to-fund-its-global-ai-drive","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ai\/148831\/","title":{"rendered":"Alibaba plans $10.2B share issuance to fund its global AI drive"},"content":{"rendered":"

Chinese tech giant Alibaba announced on Sunday that it plans to raise around HK$80 billion ($10.2 billion) through a new share issuance in Hong Kong, with the funds aimed at supporting its global artificial intelligence push amid growing competition with the U.S.<\/p>\n

The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetize the huge investments.<\/p>\n

“The Equity Placement is being undertaken to extend the Company’s global AI leadership,” Alibaba said in a statement.<\/p>\n

The company intends to use all of the net proceeds to invest in its “full stack AI capabilities, including to expand and enhance its AI infrastructure”, it said.<\/p>\n

Alibaba on Thursday announced nearly 269 billion yuan ($40 billion) in revenue in its most recent quarter, marking a 9% year-over-year increase, boosted by the global artificial intelligence frenzy driving demand for its products.<\/p>\n

The firm is known for its open-source “Qwen” AI models, which have gained popularity with developers worldwide.<\/p>\n

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