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Business

Alibaba secures HK$80 billion to expand AI investment

ceylonherald.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 investmentAlibabaAlibaba CloudArtificial Intelligencecapital expenditurechip components.computing infrastructureexchange ratesHK$80 billioninfrastructurenon-U.S. investorsoffering priceordinary sharesQwen model familyrevenueshare placementtechnology grouptransaction

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