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Business

Alibaba secures HK$80 billion to expand AI investment

qatarsentinel.comAugust 24, 2026August 25, 2026
August 24, 2026August 25, 2026
Alibaba Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure. The Chinese technology group will issue...
AI Cloudai investmentAlibabaAlibaba Cloud servicesArtificial Intelligencecapital expenditurechip componentscloud infrastructureCompute Servicescomputing infrastructurefree cash flowfull-stack AI capabilitiesHK$80 billioninfrastructureinvestment programnew ordinary sharesoffering priceoffshore transactionsproduct revenuequarterly profitquarterly revenueQwen model familysemiconductor technologyshare placementtechnology grouptransaction closeUS$10.2 billion

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