# Alibaba Raises $10 Billion in Record Hong Kong Share Sale for AI

https://mins.news/en/item/30160

- Bloomberg News, 2026-08-24 03:36 UTC
- Economy
- Original: https://www.bloomberg.com/news/articles/2026-08-23/alibaba-to-raise-10-billion-by-selling-shares-for-ai-expansion?link_source=ta_bluesky_link&taid=6a8bbc3f21584f00011246f4

> Alibaba raised HK$80 billion ($10.2 billion) in Hong Kong’s largest secondary share sale, highlighting its readiness to accumulate and deploy huge sums in an effort to lead globally in artificial intelligence.

## Related coverage

- [Alibaba’s record stock sale adds to Hong Kong tech flood](https://mins.news/en/item/31962) — South China Morning Post, 2026-08-24
- [Alibaba Raises $10 Billion in Record Hong Kong Share Sale](https://mins.news/en/video/30258) — Bloomberg Television, 2026-08-24
- [Alibaba shares slide after $10.2 billion AI share sale at sharp discount](https://mins.news/en/item/30208) — Reuters, 2026-08-24