Alibaba completes HKD 80 billion new share placement: funds will be used for AI and cloud infrastructure

Alibaba Group announced the completion of a new share placement of HKD 80 billion, issuing 710 million new ordinary shares to non-U.S. persons outside the United States, with a placement price of HKD 112.7 per share. Alibaba plans to use the net proceeds from the placement entirely to strengthen its global AI layout.

Approximately 60%, or HKD 47.871 billion, will be used to expand global computing infrastructure to meet the growing customer demand; the remaining approximately 40%, or HKD 31.914 billion, will be used to accelerate the construction of large-scale AI data centers.

The related funds will also be used to upgrade traditional cloud infrastructure such as storage, databases, and high-performance networks, supporting Alibaba's full transition to an Agentic Cloud architecture. The shares offered in this placement are not registered under the U.S. Securities Act of 1933 and are being offered and sold outside the United States to certain non-U.S. persons in reliance on Regulation S.