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TL;DR - Alibaba plans an HK$80 billion share placement and says all net proceeds will fund full-stack AI capabilities and infrastructure. The move reflects accelerating capital investment in AI compute as Alibaba’s AI product revenue grows.

• Alibaba’s AI-related products have surpassed RMB 49.5 billion (US$7.3 billion) in annualized recurring revenue.
• The company expects AI product ARR to reach US$10 billion next quarter.
• Alibaba Cloud projects US$100 billion in external commercial revenue by 2030, with margins potentially exceeding 20%.
• The digest also reports rising AI infrastructure costs, including planned price increases of more than 15% for Nvidia-powered servers.