---
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canonical_url: "https://aidr.today/f3f89375?lang=en"
title: "Alibaba Raises $10.2B for AI in 3rd Largest Global Follow-On of 2026"
lang: "en"
requested_lang: "en"
available_langs: ["en","vi"]
translation_fallback: null
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published_at: "2026-08-23T14:40:16.000Z"
category: "Funding"
topics: ["alibaba","funding","infra"]
source_urls: ["https://huggingnews.com/ai/alibaba-raises-102b-for-ai-in-3rd-largest-global-follow-on-of-2026-3183f862","https://x.com/Reuters/status/2091452899087745287","https://x.com/Sino_Market/status/2091410262100435088","https://x.com/StockMKTNewz/status/2091520326622474595","https://x.com/dmjk001/status/2091434121054892380","https://x.com/FT/status/2091445700999479767","https://x.com/stevehou/status/2091491378794471590","https://x.com/Reuters/status/2091390143156371513"]
summary: "Alibaba is offering 710 million new shares at HK$112.7 each to non-U.S. investors to fund the development of its full-stack AI capabilities, subject to market conditions. The placement carries an aggregate consideration of HK$80 billion and represents a 3.6% discount to the Friday closing price of the company's American depositary receipts. The offering will dilute existing shares by 3.8%. The HK$80 billion sale is the third-largest primary follow-on stock offering globally this year, trailing only Alphabet and Intel, and the largest in the history of the Hong Kong exchange. Alibaba will allocate the net proceeds to expanding and upgrading its AI infrastructure, with the transaction scheduled to close on Aug. 26."
---

# Alibaba Raises $10\.2B for AI in 3rd Largest Global Follow\-On of 2026

> [Open the canonical story](<https://aidr.today/f3f89375?lang=en>)

**Published:** 2026-08-23T14:40:16.000Z
**Category:** Funding
**Topics:** alibaba, funding, infra

## Summary

Alibaba is offering 710 million new shares at HK$112\.7 each to non\-U\.S\. investors to fund the development of its full\-stack AI capabilities, subject to market conditions\. The placement carries an aggregate consideration of HK$80 billion and represents a 3\.6% discount to the Friday closing price of the company's American depositary receipts\. The offering will dilute existing shares by 3\.8%\. The HK$80 billion sale is the third\-largest primary follow\-on stock offering globally this year, trailing only Alphabet and Intel, and the largest in the history of the Hong Kong exchange\. Alibaba will allocate the net proceeds to expanding and upgrading its AI infrastructure, with the transaction scheduled to close on Aug\. 26\.

## Sources

- [Story source](<https://huggingnews.com/ai/alibaba-raises-102b-for-ai-in-3rd-largest-global-follow-on-of-2026-3183f862>)
- [Story source](<https://x.com/Reuters/status/2091452899087745287>)
- [Supporting source](<https://x.com/Sino_Market/status/2091410262100435088>)
- [Supporting source](<https://x.com/StockMKTNewz/status/2091520326622474595>)
- [Supporting source](<https://x.com/dmjk001/status/2091434121054892380>)
- [Supporting source](<https://x.com/FT/status/2091445700999479767>)
- [Supporting source](<https://x.com/stevehou/status/2091491378794471590>)
- [Story source](<https://x.com/Reuters/status/2091390143156371513>)