PTV Network

Alibaba

People visit the Alibaba booth during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 18, 2026. (Photo by Hector RETAMAL / AFP)

Alibaba proposes $10B share placement to fund global AI drive

The company intends to use all the net proceeds to invest in its "full stack AI capabilities, including to expand and enhance its AI infrastructure", it said.

3 DAYS AGO