Technology
Reuters identifies QIA among investors in Alibaba's AI-focused share sale
Reuters reported that the Qatar Investment Authority was among sovereign investors participating in Alibaba's US$10.2 billion share sale. The offering, intended to fund chips, AI infrastructure and models, drew US$28 billion of orders. Reuters said a person familiar with the matter identified QIA, while Alibaba and QIA did not immediately respond to requests for comment.
Alibaba launched a US$10.2 billion new-share sale to fund chips, AI infrastructure and AI models. Reuters reported, through BNN Bloomberg, that the offering attracted US$28 billion of orders, including US$6 billion from long-only and sovereign investors. Two sources told Reuters that roughly 40% of the book would go to long-only and sovereign investors from Europe, Asia and the Middle East. One source identified the Qatar Investment Authority among the investors; Alibaba and QIA did not immediately respond to requests for comment.