Story on MediaHeat · 2026-08-23 · bloomberg.com
Alibaba to Raise $10 Billion by Selling Shares for AI Expansion
- alibaba · capital · +4
Alibaba Group Holding Ltd. is seeking to raise about HK$80 billion ($10.2 billion) from a share sale, its latest move to compete for global leadership in artificial intelligence. The move immediately spurred criticism from investor Michael Burry.