Alibaba plans $10bn share sale to fund AI expansion

The Punch | 23-08-2026 12:43pm |

Alibaba has announced a $10 billion share sale to fund its global artificial intelligence (AI) ambitions. The company plans to invest in full-stack AI capabilities and infrastructure to strengthen its position in the AI sector. This move is part of Alibaba's broader strategy to expand its technological footprint worldwide.

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