Aug 24 — Alibaba (09988.HK) completed pricing of a HKD80bn (≈USD10.2bn) share
placement; net proceeds will be 100% used to invest in full‑stack AI
capabilities and strengthen AI infrastructure. The placement was nearly three
times subscribed, with orders topping HKD200bn; sovereign and long‑term funds
comprised over 40% of final allocations. Major sovereign wealth funds from the
Middle East, Europe and Asia participated.