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Alibaba to issue HK$80 billion in new shares for global AI push

South China Morning Post - Tech · 2026年8月23日 13:18

Alibaba to issue HK$80 billion in new shares for global AI push

The Chinese tech giant announced it will issue HK$80 billion in new shares to fully fund its global AI push

Alibaba Group Holding will issue HK$80 billion worth of new shares and use the entire proceeds to invest in AI, the Chinese tech giant said on Sunday.

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