Alibaba to Raise $10 Billion by Selling Shares for AI Expansion
2 sources·Updated August 23, 2026
Covered by 2 sources
- Financial Times·2h 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·5h 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 →
