Alibaba Group to Issue HK$80 Billion in New Shares for AI Expansion
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Alibaba Group Holding
China
August 23, 2026
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Read our editorial policy- Earlier version 18/23/2026, 2:20:34 PM
Alibaba Group will issue HK$80 billion in new shares to fund global AI infrastructure and capabilities. The company reported a 45% year-over-year revenue increase in cloud and AI businesses for the June quarter. CEO Eddie Wu expects AI computing investments to break even within two to three years.
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