# Alibaba Shares Drop After $10.2B AI Fundraise

> Alibaba's $10.2 billion share sale to fund AI expansion triggers 10% stock drop.
- Title: Alibaba Shares Drop After $10.2B AI Fundraise · Dealroom
- Summary: Alibaba's $10.2 billion share sale to fund AI expansion triggers 10% stock drop. Alibaba priced a $9.67 billion share sale at $13.6 per share to fund AI…
- Keywords: alibaba, share sale, ai expansion, stock drop, cloud computing, sovereign wealth funds, startups, business, Shares, Drop, Fundraise, Dealroom
- Source: Dealroom — https://dealroom.co/news/146492-alibaba-prices-10-2b-share-sale-to-fund-ai-push-stock-drops-10
- Published: 2026-08-24T09:30:20+00:00
- Read time: 1 min
- Topics: alibaba, share sale, ai expansion, stock drop, cloud computing, sovereign wealth funds, startups, business
## Alibaba Priced $13.6 Share Sale
Alibaba set the price for a new share placement at US$13.6 each, raising US$9.67B to fund its AI expansion.
## 3.7% Share Issuance for AI
The company will issue 710 million shares, about 3.7% of its 19.17 billion total outstanding shares, in one of the largest AI-dedicated fundraises by a Chinese tech firm.
## Stock Drops 10% Post Announcement
Shares of the e-commerce and cloud computing giant fell more than 10% after the market opened.
## Key takeaway

Alibaba priced a $9.67 billion share sale at $13.6 per share to fund AI growth, causing shares to fall over 10%.