$10.2B — HK$80 billion (~$10.21B) primary share placement at HK$112.70 per share (an 8.4% discount to the prior close) — the largest primary follow-on offering by any Hong Kong-listed company to date; 100% earmarked for AI-related development per the placement's own stated use of proceeds. Same-week context, not part of this edge's own value - Alibaba's fiscal Q1 2026 (June-quarter) net profit fell 75% y/y and free cash flow showed a $6.6B outflow, both attributed primarily to AI capex, which rose 75% y/y to roughly $10B for the quarter
$10.2B — HK$80 billion (~$10.21B) primary share placement at HK$112.70 per share (an 8.4% discount to the prior close) — the largest primary follow-on offering by any Hong Kong-listed company to date; 100% earmarked for AI-related development per the placement's own stated use of proceeds. Same-week context, not part of this edge's own value - Alibaba's fiscal Q1 2026 (June-quarter) net profit fell 75% y/y and free cash flow showed a $6.6B outflow, both attributed primarily to AI capex, which rose 75% y/y to roughly $10B for the quarter
Sourced figures 1
- Reuters, via Investing.com (deal reporting) Alibaba's HK$80 billion ($10.21 billion) share placement finalized at HK$112.70 apiece, an 8.4% discount, to fund AI-related development; quarterly net profit fell 75% y/y primarily due to AI-related spending
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$10.2B — HK$80 billion (~$10.21B) primary share placement at HK$112.70 per share (an 8.4% discount to the prior close) — the largest primary follow-on offering by any Hong Kong-listed company to date; 100% earmarked for AI-related development per the placement's own stated use of proceeds. Same-week context, not part of this edge's own value - Alibaba's fiscal Q1 2026 (June-quarter) net profit fell 75% y/y and free cash flow showed a $6.6B outflow, both attributed primarily to AI capex, which rose 75% y/y to roughly $10B for the quarter
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