Alibaba, Hong Kong'da yapay zeka için 10 milyar $ hisse satışı gerçekleştirdi

Alibaba raises $10 billion in Hong Kong share sale for AI

Mon, August 24, 2026 at 2:30 PM GMT+3 2 min read

Alibaba Group raised HK$80 billion ($10.2 billion) in Hong Kong's largest follow-on share offering, with the company saying it will use all net proceeds to invest in its AI infrastructure. That transaction, which closed Sunday, marks Hong Kong's largest share sale since Prosus NV, the technology-investment firm, divested $14.7 billion worth of Tencent Holdings stock in 2021, according to Bloomberg.

The company sold 710 million shares at HK$112.70 each; the price represented a 3.6% discount to where Alibaba's U.S.-listed shares closed on Friday. The offering drew institutional demand amounting to roughly three times the available shares, Bloomberg reported, citing people with knowledge of the transaction.

Alibaba stock fell 8.5% on Monday, its steepest single-day drop since early 2025. Despite the decline, Chairman Joseph Tsai purchased about HK$80 million worth of Alibaba stock, and Chief Executive Officer Eddie Wu acquired about HK$40 million, according to the outlet, citing filings with the Hong Kong stock exchange.

The offering is being made exclusively to non-U.S. persons in offshore transactions, the company said. The company said it plans to direct all net proceeds toward its full-stack AI strategy, with a particular focus on building out and improving the underlying infrastructure that supports it. China International Capital Corp., HSBC Holdings, Morgan Stanley, and UBS Group arranged the deal. Under the terms of the deal, Alibaba cannot sell additional shares for 90 days.

The capital raise is part of a broader push by Alibaba to compete in AI development. Alibaba has pledged to put more than 380 billion yuan ($56.5 billion) toward AI over three years, with the investment covering chips, data centers, and large-language model development. Alibaba's Qwen model family is the world's most popular by downloads.

Alibaba has been selling non-core assets to fund that expansion, including a deal to divest its gaming unit, Lingxi Games, to Trustar Capital for at least $1.5 billion. Earlier divestitures included stakes in hypermarket chain Sun Art and department-store operator Intime for a combined $2.6 billion in late 2024. Its cloud division posted revenue of 41.63 billion yuan in its most recent quarter, up 38% year-over-year, with AI-related revenue extending a streak of triple-digit year-over-year growth to 11 consecutive quarters.

Baidu, Alibaba's domestic rival, has no plans for a comparable equity offering, a company spokesperson said, saying its current cash reserves and operating cash flow are adequate.