Alibaba proposes Hong Kong share placement worth $10 billion
Alibaba said it will use 100% of the proceeds to expand its full-stack AI capabilities and infrastructure.
- Group Holding Limited announced an Equity Placement of newly issued Placement Shares aiming to raise HK$80 billion in aggregate placing consideration, subject to market and other conditions.
- Alibaba intends to use 100% of the net proceeds from this offering to invest in full-stack AI capabilities, including the Qwen family of large language models and expanded infrastructure.
- Relying on Regulation under the Securities Act, the Placement Shares are being offered exclusively to non-U.S. persons in offshore transactions and remain unregistered within the United States.
- Alibaba noted this proposal contains forward-looking statements made under the safe harbor provisions of the Private Securities Litigation Reform Act, cautioning there is no assurance the Equity Placement will be completed.
- Further information regarding risks is included in filings with the Exchange Commission and announcements on the website of The Stock Exchange, as factors could cause results to differ materially.
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Alibaba launches $10.2 billion Hong Kong share placement to fund AI spending
Alibaba launches $10.2 billion Hong Kong share placement to fund AI spending Click this link for the original source of this article. Author: New York Post This content is courtesy of, and owned and copyrighted by, https://www.offthepress.com and its author. This content is made available by use of the public RSS feed offered by the...
The technology giant Alibaba announced that it plans to issue new shares in Hong Kong for HK$80 billion.
The Chinese online giant Alibaba is planning a capital increase of the superlatives in order to invest even more in artificial intelligence. However, US investors are not allowed to participate.
Your shareholders are eager to see how these huge investments will translate into concrete monetary gains
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