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Alibaba’s US$10 billion share sale three times oversubscribed in Hong Kong

South China Morning Post

TechnologySouth China Morning Post·Aug 24, 2026·1 min read

Alibaba’s US$10 billion share sale three times oversubscribed in Hong Kong

Alibaba Group Holding has sold 710 million new shares at HK$112.70 each to raise HK$80 billion (US$10.2 billion) in one of the largest artificial intelligence-dedicated fundraising efforts by a Chinese technology firm. The offer price…

View original source — South China Morning Post ↗

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