Alibaba proposes Hong Kong share placement worth US$10 billion

Published Aug 23, 05:51 AM UTC

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Chinese e-commerce giant Alibaba announced on Sunday, August 23, 2026, a proposal for a Hong Kong share placement valued at US$10 billion. The company stated that this deal would be the largest primary follow-on offering by a Hong Kong-listed company. Alibaba intends to use 100% of the net proceeds from the placement to invest in its full-stack artificial intelligence (AI) capabilities. The announcement was reported by The Business Times Singapore.

Source

The Business TimesRegional

Original language: EN-US

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