Alibaba Group said on Aug. 26 that it had completed an HK$80 billion share placement, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at HK$112.70 per share. The company said all net proceeds will be used to strengthen its global AI push. About 60%, or HK$47.871 billion, is earmarked for expanding global computing infrastructure to meet rising customer demand. The remaining roughly 40%, or HK$31.914 billion, will go toward accelerating the buildout of hyperscale AI data centers. Alibaba also said the funds will support upgrades to traditional cloud infrastructure, including storage, databases, and high-performance networking, as it moves toward an Agentic Cloud architecture. The placement shares were not registered under the U.S. Securities Act of 1933 and were offered and sold outside the United States to specified non-U.S. persons under Regulation S.
Alibaba Group said on Aug. 26 that it had completed an HK$80 billion share placement, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at a placement price of HK$112.70 per share.
All net proceeds earmarked for AI and cloud buildout
Alibaba said all net proceeds from the placement will be used to strengthen its global AI strategy. About 60%, or HK$47.871 billion, will be allocated to expanding global computing infrastructure to meet growing customer demand.
The remaining roughly 40%, or HK$31.914 billion, will be used to accelerate the construction of hyperscale AI data centers. The company said the funds will also go toward upgrading traditional cloud infrastructure such as storage, databases, and high-performance networking, supporting Alibaba's shift to an Agentic Cloud architecture.
Placement conducted outside the United States
According to the announcement, the placement shares were not registered under the U.S. Securities Act of 1933 and were offered and sold only outside the United States to specified non-U.S. persons under Regulation S.
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