Alibaba Launches AI Video Model Following $10.2 Billion Share Placement

By EC Assets · Published 24 August 2026

Alibaba has launched its Wan3.0 AI video model. This development follows a $10.2 billion share placement by the company. Alibaba undertook this share placement to fund its artificial intelligence push. The company announced the share placement previously. Alibaba shares plunged after this announcement. The placement raised $10.2 billion. This article is intended for informational purposes only. It does not constitute investment advice.