Alibaba to issue HK$80 billion in new shares for global AI push

ByAtlasnews

Aug 23, 2026 #AI, #Alibaba Group Holding, #Chinese, #HK billion, #SCMP Tech, #sunday

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BreakingAlibaba to issue HK$80 billion in new shares for global AI push

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Tourists visit the Alibaba Group booth at the 2026 World Artificial Intelligence Conference in Shanghai, China, on July 17. Photo: CFOTO/Future Publishing via Getty Images

Xinmei Shenin Hong KongandAnn Caoin ShanghaiPublished: 1:18pm, 23 Aug 2026

Alibaba Group Holding will issue HK$80 billion worth of new shares and use the entire proceeds to invest in AI, the Chinese tech giant said on Sunday.

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Alibaba to issue HK$80 billion in new shares for global AI push

ByAtlasnews

BreakingAlibaba to issue HK$80 billion in new shares for global AI push

By Atlasnews

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