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

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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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