On August 23, Alibaba Group Holding Limited revealed its strategy to issue freshly minted ordinary shares to non-U.S. investors located outside the United States, with an anticipated total fundraising amount of HK$80 billion, contingent upon market conditions and other relevant factors. The funds raised will be entirely allocated towards enhancing its full-stack AI capabilities and fortifying the construction of AI infrastructure, solidifying Alibaba's global leadership in the AI domain.

In compliance with Regulation S under the U.S. Securities Act, the offered shares will exclusively be sold through offshore transactions. Notably, these shares have not been, nor will they be, registered under the pertinent U.S. securities laws. Alibaba operates under a dual-class share structure, with its American Depositary Shares (ADSs) and ordinary shares listed on the New York Stock Exchange and the Hong Kong Stock Exchange, respectively.

The announcement also emphasized that there is no certainty regarding the successful completion of the offering, and Alibaba will provide further updates as appropriate.