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Alibaba to issue US$10 billion in new shares for huge AI push amid strong investor demand

South China Morning Post

TechnologySouth China Morning Post·Aug 23, 2026·1 min read

Alibaba to issue US$10 billion in new shares for huge AI push amid strong investor demand

Alibaba Group Holding will issue HK$80 billion (US$10.2 billion) worth of new shares and use all of the proceeds to invest in AI, the Chinese tech giant said on Sunday. The move aims to “extend the company’s global AI leadership”, it said…

View original source — South China Morning Post ↗

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