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Alibaba Group Announced Completion of HK$80 Billion Placing of New Shares in Hong Kong

BABA
  • Alibaba Group completed an HK$80 billion equity placement of 710 million newly issued ordinary shares to non-U.S. persons outside the United States at HK$112.70 per share.
  • The company intends to use the net proceeds to extend its global AI leadership by investing in full-stack AI capabilities.
  • Approximately 60% (HK$47,871 million) of the proceeds will fund the expansion of global computing infrastructure to meet accelerating customer demand.
  • Approximately 40% (HK$31,914 million) will accelerate the buildout of hyperscale AI data centers & upgrade traditional cloud infrastructure for storage, databases, & high-performance networking to support an Agentic Cloud architecture.
  • The Placement Shares were offered & sold under Regulation S of the U.S. Securities Act of 1933 & are not registered under U.S. securities laws.
  • The shares may not be offered or sold in the United States absent registration or an applicable exemption.
  • The press release contains forward-looking statements subject to risks that could cause actual results to differ materially from expectations.
  • Alibaba Group is a global technology company focused on AI + Cloud & commerce, utilizing Qwen family models to power its enterprise & consumer services.