BABA-W (09988) plans to place new shares in Hong Kong, with a total placement value of HKD 80 billion.
Alibaba-W (09988) announced that the company intends to offer new issue ordinary shares (the Offered Shares) to non-U.S. persons outside the United States, with a total offer price of HKD 80 billion, subject to market and other conditions (the Proposed Offering).
BABA-W (09988) announced that the company intends to place new ordinary shares (the placement shares) to non-US persons outside the United States, with a total consideration of HKD 80 billion, subject to market and other conditions (the proposed placement).
The proposed placement aims to further strengthen Alibaba's leading position in global AI. Alibaba intends to use 100% of the net proceeds from the proposed placement to invest in its full-stack AI capabilities and enhance AI infrastructure development.
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