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Alibaba-W (09988) completed placement of 710 million new shares to raise approximately HK$79.7 billion

Zhitongcaijing·08/26/2026 11:33:20
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Zhitong Finance App News, Alibaba-W (09988) announced that it has completed the placement of 710 million new shares on August 26, 2026, with a placement of HK$112.70 per share, with a net raise of about HK$79.7 billion. It is intended to further strengthen Alibaba's leading position in global AI and invest in full-stack AI capabilities.