Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close (Reuters)

<a href="https://www.reuters.com/business/retail-consumer/alibaba-proposes-hong-kong-share-placement-worth-10-billion-2026-08-23/"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260823/i7.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260823/p7#a260823p7" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> <a href="http://www.reuters.com/">Reuters</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.reuters.com/business/retail-consumer/alibaba-proposes-hong-kong-share-placement-worth-10-billion-2026-08-23/">Alibaba plans to raise ~$10B in a follow-on share offering to fund AI investments; sources: it plans to offer 710M shares at a 3.6% discount to Friday's close</a></b></span>&nbsp; &mdash;&nbsp; China's Alibaba (9988.HK) on Sunday launched a HK$80-billion ($10.2 billion) share placement to fund artificial intelligence-related development.</p>