Alibaba Completes HK$80 Billion Placement, Hong Kong's Largest Ever

Alibaba has completed a large-scale placement transaction, raising a total of HK$80 billion. This is the largest share placement by a listed company in the history of Hong Kong's capital market. The completion of the placement marks a new record for the company's fundraising activities in the Hong Kong stock market.

The specific arrangements and subscription status of the transaction have been publicly announced. The proceeds will be used for the company's established business development purposes. The scale of the placement exceeds all previous comparable placement cases in the Hong Kong market, establishing a new milestone.