On August 24, Alibaba announced the completion of the HK$80 billion IPO price. 100% of the net proceeds from the placement will be used to invest in full-stack AI capabilities to strengthen AI infrastructure. According to sources close to the deal, the placement was oversubscribed by nearly 3 times, exceeding HK$200 billion. The final subscription ratio for sovereign and long-term funds was over 40%.

On August 24, Alibaba announced the completion of the HK$80 billion IPO price. 100% of the net proceeds from the placement will be used to invest in full-stack AI capabilities to strengthen AI infrastructure. According to sources close to the deal, the placement was oversubscribed by nearly 3 times, exceeding HK$200 billion. The final subscription ratio for sovereign and long-term funds was over 40%.