Alibaba Just Raised $10 Billion for AI — China’s Tech Giants Aren’t Letting America Run Away With the Race
ABE NEWS | MONDAY, AUGUST 24, 2026 Alibaba just made one of the biggest financial bets of the artificial-intelligence boom. The Chinese technology giant is raising HK$80 billion — approximately US$10.2 billion — by selling 710 million new shares. And Alibaba has already decided where essentially all of that money is going. Artificial intelligence….