Alibaba-W (09988) has officially closed its placement of 710 million new shares, a transaction that concluded on August 26, 2026.
Each placed share was priced at HK$112.70, generating net proceeds of approximately HK$79.7 billion for the company.
The funds are earmarked to further cement Alibaba's leading position in global artificial intelligence, with a strategic focus on investing across its full-stack AI capabilities.
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