Alibaba completes HK$80 billion share placement in Hong Kong

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Go back to Alibaba completes HK$80 billion share placement in Hong Kong

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

August 26, 2026 6:56 AM EDT

HONG KONG--(BUSINESS WIRE)-- Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), Alibaba, Alibaba Group or the Company) today announced the completion of its HK$80 billion placing of 710,000,000 newly issued ordinary shares of the Company (the Placement Shares) to non-U.S. persons outside the United States, at a placing price of HK$112.70 per Placement Share (the Equity Placement).

The Company intends to utilize the net proceeds from the Equity Placement to extend its global AI leadership by investing in its full-stack AI capabilities as follows: (i) approximately 60%, or HK$47,871 million, will be used to expand its global... More