HONG KONG—Aug 23. 2026–
Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced the pricing of its HK$80 billion placing of 710.000.000 newly issued ordinary shares of the Company (the “Placement Shares”) to non-U.S. persons outside the United States, at a placing price of HK$112.70 per Placement Share (the “Equity Placement”). The Equity Placement is expected to close on August 26. 2026. subject to customary closing conditions.
The Equity Placement is being undertaken to extend the Company’s global AI leadership. Alibaba intends to use 100% of the net proceeds from the Equity Placement to invest in its full stack AI capabilities, including to expand and enhance its AI infrastructure.
The Placement Shares have not been and will not be registered under the U.S. Securities Act of 1933. as amended (the “U.S. Securities Act”), or any state securities laws. They are being offered and sold only to certain non-U.S. persons in offshore transactions in reliance on Regulation S under the U.S. Securities Act. The Placement Shares may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act.
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.
This press release contains information about the pending Equity Placement, and there can be no assurance that the Equity Placement will be completed.