Alibaba raises $10.2bn in Hong Kong share sale
Company selling 710 million shares in an equity placement
News - Investment / M&A / Financing, Alibaba Cloud
The latest news from the AI, data center, telco, chip, and cloud sector
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Alibaba Cloud plans to lean on its self-developed chips moving forward
Hopes this will improve its margin and profitability
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Alibaba Cloud needs 10x its 2022 compute capacity, says CEO Eddie Wu
While Tencent Cloud struggles to generate an ROI from GPUs
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Modular data center provider EPG secures $100m Series B+ funding
Follows Series B funding in January - secures Alibaba, Temasek, and BlackRock as investors
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Alibaba ships 470,000 AI chips, predicts $100bn in cloud and AI revenue in the future
But investors remain unimpressed
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Alibaba considers increasing AI data center capex spend to $69bn over three years - report
Company said to have even purchased large amounts of consumer graphics cards to create clusters
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Alibaba seeks $3.2bn raise in convertible bonds for cloud unit
Will be used to fund international expansion and strengthen its cloud computing business
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Alibaba plans $1.53bn in bond raise for cloud and commerce expansion
More funding for global data center rollout pending
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Alibaba Cloud revenue up 7% for the quarter, cites AI as key factor
Tencent also releases quarterly earnings
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Alibaba Cloud revenue hits $3.64bn for the quarter
A six percent growth rate, alongside increasing capex spend
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Alibaba Cloud hit by outage, second in a month
Impacting customers in mainland China, Hong Kong, and the United States
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Alibaba considers $3bn private funding round for cloud division
Could get the money from Chinese government-backed entities
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Alibaba to spin out and separately list cloud unit
Company set to bring in external strategic investors through private financing ahead of spin-off
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China's cloud spend projected to triple to $84.7bn by 2026
Alibaba is still the largest cloud provider in China