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Tag : technology group

Business

Alibaba secures HK$80 billion to expand AI investment

ceylonherald.comAugust 24, 2026August 25, 2026
August 24, 2026August 25, 2026
HONG KONG / RankWire.AI / – Alibaba Group has priced an HK$80 billion share placement to fund artificial intelligence investment and expand its AI infrastructure....
AI investmentAlibabaAlibaba CloudArtificial Intelligencecapital expenditurechip components.computing infrastructureexchange ratesHK$80 billioninfrastructurenon-U.S. investorsoffering priceordinary sharesQwen model familyrevenueshare placementtechnology grouptransaction

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