# Alibaba’s record stock sale adds to Hong Kong tech flood

https://mins.news/en/item/31962

- South China Morning Post, 2026-08-24 09:09 UTC
- Economy
- Original: https://www.scmp.com/plus/business/banking-finance/article/3365060/alibabas-record-stock-sale-adds-hong-kong-tech-flood?utm_source=rss_feed

> Alibaba raised HK$80 billion (US$10.2 billion) through a record Hong Kong secondary share sale. The shares were priced at HK$112.70 each, an 8.4% discount to Friday’s close, with all proceeds earmarked for its artificial-intelligence drive and planned spending of more than 380...

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