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BABA-W (09988.HK) Plans New Share Placement to Raise HKD80 Billion for Investment in Full-Stack AI Capabilities
2026-08-23 19:43:49
BABA-W (09988.HK) (BABA.US) announced plans to place new shares in Hong Kong, with a total placement consideration of HKD80 billion, subject to market and other conditions. Net proceeds are intended to be used 100% for investment in its full-stack AI capabilities and to strengthen AI infrastructure construction. (de/d)~

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This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.

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