内容来源：https://aibusiness.com/generative-ai/alibaba-sells-more-shares-raise-10-2b-spend-on-ai

内容总结：

阿里巴巴加速布局AI领域，通过发行新股成功募集约102亿美元资金，以强化其全球AI领导地位。该公司在周日发布的声明中确认了这一举措，并表示将把全部募集资金用于投资全栈式AI能力，包括扩建和增强AI基础设施。

此次融资以每股14.38美元的价格发行7.1亿股新股，较两个交易日前15.70美元的收盘价折让8.4%，新增股份约占阿里巴巴已发行股本的3.7%。市场观察人士指出，这是港交所有史以来规模最大的二次发行交易。据彭博社报道，这也是自2021年以来该交易所规模最大的股票出售——当年科技投资公司Prosus抛售了价值147亿美元的另一家中国科技巨头腾讯的股票。据悉，此次阿里巴巴股票的认购需求达到发行规模的三倍以上。

本次发售仅面向非美国投资者，这并不令人意外，因为阿里巴巴在美国一直面临监管问题。今年6月，该公司被美国国防部列入涉嫌与中国军方有关联的黑名单，目前正就该名单向美国政府提起诉讼。

对于阿里巴巴而言，这笔资金无疑将派上用场。去年2月，该公司曾公布计划，拟到2027年在AI基础设施和云计算领域投资530亿美元。然而就在上周，该公司报告季度净利润同比下滑75%，降至15亿美元，同时资本支出因AI基础设施成本不断攀升而增加。

这一财务表现发生在其最新AI模型Qwen 3.8 Max广受好评的背景之下。该模型以性能强大且价格亲民著称。然而，这种价格优势虽然是一大卖点，却也构成挑战——它限制了阿里巴巴通过提价来弥补不断上升的研发成本的空间。

周一上午港股开盘时，市场对此次二次发行的初步反应偏负面，股价一度下跌高达10%。据彭博社随后报道，在股价大跌之际，阿里巴巴两位核心高管合计购入约1530万美元股票，其中集团主席蔡崇信购入1030万美元，首席执行官吴泳铭购入500万美元。

除承诺投入基础设施建设外，该公司尚未公布这笔募集资金的具体使用细节。

中文翻译：

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选择你的首批生成式AI应用场景

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这一举措出台三周前，该公司发布了广受好评的Qwen 3.8 Max AI模型。

中国科技巨头阿里巴巴加速进军人工智能领域，通过增发新股募资约102亿美元用于AI投入。

这一举措在周日公司发布的声明中得到确认，声明表示希望拓展其“全球AI领导地位”。

“阿里巴巴拟将本次股权配售所得净额100%用于投资其全栈AI能力，包括扩大和增强其AI基础设施，”声明称。

这笔资金将以7.1亿股新股的形式募集，每股发行价为14.38美元，较两天前15.70美元的收盘价折让8.4%。新股约占阿里巴巴此前已发行股本的3.7%。

市场观察人士表示，这笔交易是香港交易所有史以来最大规模的二次配售，而彭博社报道称，这是该交易所以来自2021年以来任何类型的最大规模股票出售——当时科技投资公司Prosus出售了其所持另一家中国科技巨头腾讯的147亿美元股票。据报道，对阿里巴巴股票的需求量是发行规模的三倍多。

此次配售仅面向非美国投资者——考虑到阿里巴巴在美国持续面临的监管问题，这并不令人意外。今年6月，该公司被列入美国国防部黑名单，被指与中国军方存在关联，目前该公司正在就此事起诉美国政府。

这笔资金对阿里巴巴来说无疑将会派上用场，考虑到其雄心壮志。去年2月，该公司披露计划到2027年在AI基础设施和云计算方面投入530亿美元。

不过就在上周，该公司公布的季度净利润同比下降75%至15亿美元，同时因AI基础设施成本不断攀升而导致资本支出增加。

这些数据公布之际，该公司最新的Qwen 3.8 Max AI模型因其强大性能——以及亲民的价格——而广受赞誉。这种价格亲民的定位虽然是一个强有力的卖点，但也构成了一个障碍，因为它限制了阿里巴巴通过提价来抵消不断上涨的开发成本的空间。

周一上午港股开盘时，市场对此次二次配售的初步反应是负面的，股价一度下跌高达10%。

彭博社随后报道称，随着股价暴跌，阿里巴巴两位最高高管合计买入约1530万美元的股票，其中阿里巴巴集团董事长蔡崇信购入1030万美元，首席执行官吴泳铭购入500万美元。

除了对基础设施建设的承诺外，该公司尚未就其将如何具体使用所募集的资金提供详细说明。

英文来源：

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The move comes three weeks after the company released the well-received Qwen 3.8 Max AI model.
Chinese tech giant Alibaba has accelerated its push into AI, raising about $10.2 billion to spend on AI with newly issued shares.
The move was confirmed in a statement issued by the company on Sunday, which said it wanted to extend its “global AI leadership.”
“Alibaba intends to use 100% of the net proceeds from the equity placement to invest in its full-stack AI capabilities, including to expand and enhance its AI infrastructure,” according to the statement.
The money will come in the form of 710 million new shares issued at $14.38 each, representing an 8.4% discount to the closing price of $15.70 two days earlier. The new shares are equivalent to about 3.7% of Alibaba’s previously issued capital.
Market watchers said the transaction was the largest-ever secondary offering on the Hong Kong exchange, while Bloomberg reported it was the exchange’s largest share sale of any kind since 2021, when tech investment company Prosus sold $14.7 billion of stock in Tencent, another Chinese tech giant. Demand for Alibaba stock was reported to be more than three times the offering size.
The sale was limited to non-U.S. investors -- no surprise given Alibaba’s ongoing regulatory problems in America. In June, it was named on a Department of Defense blacklist that alleged links with the Chinese military, and it is now suing the U.S. government over its inclusion.
The capital will certainly come in useful for Alibaba, given its ambitions. In February last year, it revealed plans to invest $53 billion through 2027 on AI infrastructure and cloud computing.
Just last week, though, the company reported a 75% year-over-year drop in quarterly net income to US$1.5 billion, accompanied by an increase in capital expenditure attributed to the escalating cost of AI infrastructure.
These figures come against the backdrop of the company’s most recent Qwen 3.8 Max AI model receiving praise for its capabilities -- as well as its affordability. That perceived affordability, while a strong selling point, also poses a hurdle, as it limits how much Alibaba can raise prices to offset ever-rising development costs.
As trading opened in Hong Kong on Monday morning, the initial response to the secondary offer was negative, with share prices dropping by up to 10%.
Bloomberg subsequently reported that as prices plunged, Alibaba’s top two executives bought about $15.3 million worth of stock between them, with Alibaba Group chairman Joseph Tsai acquiring $10.3 million and CEO Eddie Wu, $5 million.
Beyond its commitment to build infrastructure, the company has not provided specific details on exactly how it will spend the capital it raised.