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Alibaba launches ₹95,000 crore share sale for AI push; third-largest follow-on offering after Alphabet, Intel

Monday, August 24, 2026 - 13:35
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Alibaba launches ₹95,000 crore share sale for AI push; third-largest follow-on offering after Alphabet, Intel
Alibaba will raise ₹95,000 crore (US$10.2 billion) through a new share issue, with all proceeds earmarked for AI infrastructure and innovation.

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