ALI BABA SOLD $10.2 BILLION TO SUPPORT AI INFRASTRUCTURE

ALI BABA IS SELLING SHARES WORTH $10.2 BILLION TO FINANCE THE EXPANSION OF ITS FULL AI CAPACITY, INCLUDING THE ENHANCEMENT OF AI INFRASTRUCTURE. THIS TIME, THE ISSUE PRICE WAS HK$ 80 BILLION, INVOLVING 710 MILLION NEW SHARES, AND ALL NET PROCEEDS WILL BE USED FOR AI-RELATED PROJECTS。