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Alibaba Launches Record $10 Billion Share Sale to Enter the AI Race

Alibaba Launches Record $10 Billion Share Sale to Enter the AI Race

Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale. The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities. Alibaba Wants to Enter the AI Race Alibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday’s The post Alibaba Launches Record $10 Billion Share Sale to Enter the AI Race appeared first on BeInCrypto .

Aug 23, 2026 · byBeInCrypto
Alibaba Drops Gaming Arm as AI Takes Center Stage

Alibaba Drops Gaming Arm as AI Takes Center Stage

Alibaba Group Holding (BABA) is selling its gaming unit, Lingxi Games, to Asian private equity firm Trustar Capital in a transaction reportedly worth at least $1.5 billion. The sale comes as CEO Eddie Wu makes artificial intelligence and cloud computing key strategic priorities for the company. Why Alibaba Is Letting Go of Gaming Lingxi CEO The post Alibaba Drops Gaming Arm as AI Takes Center Stage appeared first on BeInCrypto .

Aug 17, 2026 · byBeInCrypto