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The Business Brief SUNDAY, 23 AUGUST 2026
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Alibaba to Raise $10 Billion by Selling Shares for AI Expansion

1 source ·1 article ·1h ago

Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence.

Covered by 1 outlet

Bloomberg 1

All coverage · 1 article

Bloomberg Technology ·1h ago

Alibaba to Raise $10 Billion by Selling Shares for AI Expansion

Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence.