Alibaba Group completed a HK$80 billion follow-on equity offering. The total value represents approximately $10.2 billion. This transaction closed on August 26, 2026.
The company issued 710 million new shares. Each share was priced at HK$112.70. This deal marks the largest follow-on share sale in Hong Kong's history. Institutional investors oversubscribed the offering by nearly three times.
Net proceeds total approximately HK$79.7 billion. Alibaba will allocate the entire amount to advance its global leadership in artificial intelligence.
The company will invest in full-stack AI capabilities and expand its global computing infrastructure. Funds will also accelerate the construction of hyperscale AI data centers. This investment highlights the intensive capital requirements for global technology firms competing in the AI sector.