Alibaba Completes an HK$80 Billion Share Placement to Fund AI and Cloud Infrastructure

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Alibaba Group has completed an HK$80 billion share placement, issuing 710 million new shares at HK$112.70 each to non-U.S. investors. The proceeds will support AI + crypto initiatives, with 60% allocated to global computing infrastructure and 40% to large-scale AI data centers. The placement, conducted under Regulation S, will also enhance cloud infrastructure to support intelligent cloud architecture. Global crypto policy considerations influenced the offering’s structure, which was not registered under the U.S. Securities Act of 1933.

Odaily Planet Daily reports that Alibaba Group has completed a share placement of HK$80 billion, issuing 710 million new ordinary shares to non-U.S. persons outside the United States at a placement price of HK$112.70 per share.

The net proceeds from this offering will be fully utilized to strengthen Alibaba’s global AI presence: approximately 60% (HK$47.871 billion) will be allocated to expanding global computing infrastructure, and approximately 40% (HK$31.914 billion) will be used to accelerate the construction of hyperscale AI data centers. The funds will also upgrade traditional cloud infrastructure, including storage, databases, and high-performance networks, to support Alibaba’s comprehensive transition to an agent-based cloud architecture. This offering is being made outside the United States in reliance on Regulation S and has not been registered under the U.S. Securities Act of 1933.

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