800亿港元！阿里宣布为AI再融资，传已超额认购

TL;DR - Alibaba plans to raise about HK$80 billion ($10.2 billion) through a share placement and invest all net proceeds in full-stack AI capabilities. The financing underscores how AI competition is shifting toward capital-intensive chips, data centers, cloud infrastructure, and model deployment.

• The funds will target AI chips, infrastructure, and the development and deployment of models such as Qwen.
• Alibaba’s quarterly capital expenditure reached RMB 67.68 billion, up 75% year over year, as it advances a separate three-year RMB 380 billion cloud and AI infrastructure plan.
• AI cloud and computing-service revenue reached RMB 48.44 billion, while AI-related product revenue recorded its 12th consecutive quarter of triple-digit year-over-year growth.
• Strong demand reportedly produced an oversubscribed placement, including interest from sovereign wealth funds and other international investors.