Alibaba Raises $10.2 Billion to Expand AI
Mirror Review August 24, 2026 Alibaba is raising HK$80 billion, or about $10.2 billion, through a new Hong Kong share placement to expand its artificial intelligence capabilities. The company priced 710 million new shares at HK$112.70 each and said it will use 100% of the net proceeds to strengthen its full-stack AI capabilities, including AI […]












