The Chinese technology giant Alibaba will issue $80,000 million from Hong Kong (about €8.735 million to the current exchange rate) in new shares to finance investments in artificial intelligence (IA), today announced the company.
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23/08/2026
by
Lusa
O capital increase will take place in Hong Kong and will be realized to “strengthen the global leadership of the company in AI,” Alibaba writes in a statement.
The company plans to use all the net revenue from the offer to invest in “complete (versatile) AI capabilities, including the expansion and improvement of its AI infrastructure,” the Chinese group specified.
Alibaba has already invested tens of billions of dollars in AI.
On Thursday, he announced to the market that he obtained revenues of almost 269 billion yuan (about EUR 34,270 million) in the last quarter, a 9% increase over the previous year, driven by the global enthusiasm for Artificial Intelligence, which is increasing demand for the group's products.
The Chinese giant is known for its open source AI models, “Qwen”, which have gained popularity among programmers around the world.