Alibaba proposes Hong Kong share placement worth US$10 billion
It says the deal would mark the largest primary follow-on offering by a Hong Kong-listed company
Published Sun, Aug 23, 2026 · 01:51 PM
CHINA’S Alibaba on Sunday (Aug 23) announced a proposed placement of new shares in Hong Kong.
The aggregate placement consideration is HK$80 billion (US$10.2 billion), the company added.
Alibaba said the deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company and the biggest Regulation S equity offering on record, while ranking as the world’s third-largest primary follow-on share sale this year after Alphabet and Intel.
The company said it intends to use 100 per cent of the net proceeds from the placement to invest in its full-stack artificial intelligence capabilities, including expanding and enhancing its AI infrastructure. REUTERS
