Alibaba to Raise $10 Billion by Selling Shares for AI Expansion
Alibaba AI funding
Covered by 7 sources
- CNBC Top News·2h agoAlibaba plunges after announcing $10.2 billion share placement to fund AI push
Alibaba shares plunged 10% after the tech giant priced a $10.2 billion share placement to fund its growing AI investments.
Read at CNBC Top News → - ARY News PK·10h agoAlibaba launches $10 billion Hong Kong share placement to fund AI spending
Alibaba launches $10 billion Hong Kong share placement to fund AI spending
Read at ARY News PK → - The News Biz PK·17h agoAlibaba announces massive $10B Hong Kong share sale to fund AI expansion
Alibaba announces massive $10B Hong Kong share sale to fund AI expansionChina's e-commerce and cloud giant Alibaba Group has announced a record-breaking share placement in Hong Kong to aggressively bankroll its artificial intelligence infrastructure. Alibaba has officially…
Read at The News Biz PK → - Deccan Chronicle Ent·17h agoAlibaba Seeks $10 Billion From Share Sale for AI Expansion
The online retail giant-turned-AI player is offering 710 million shares at HK$112.7 each
Read at Deccan Chronicle Ent → - ET Tech·18h agoAlibaba proposes $10 billion share placement to fund global AI drive
The Hangzhou-based firm has been ploughing tens of billions of dollars into AI, with its shareholders eager to see how it will monetise the huge investments. The company intends to use all of the net proceeds to invest in its "full stack AI capabilities, including to expand and…
Read at ET Tech → - Financial Times·20h agoAlibaba announces $10.2bn share placement as Chinese companies expand AI investment
Equity issuance follows a strong reception for its latest Qwen 3.8-Max model
Read at Financial Times → - Bloomberg Technology·22h agoAlibaba to Raise $10 Billion by Selling Shares for AI Expansion
Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence.
Read at Bloomberg Technology →
