Alibaba seeks $10 billion from share sale for AI expansion

Source: Bloomberg· Bloomberg· August 23, 2026
Alibaba 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, represents a discount of 3.6 per cent to the closing price of Alibaba’s American depositary receipts on Friday

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