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Alibaba AI infrastructure spending expands with $10.2 billion share sale

Alibaba eyes AI infrastructure spending

Alibaba AI infrastructure spending is climbing again, and the company wants shareholders to fund it. The Chinese ecommerce and cloud group is selling HK$80 billion of new shares, roughly $10.2 billion, with every dollar of net proceeds going into its full-stack AI capabilities. That covers chips, data centres, and the models running on top of […]

Mada Media Books AED1.5 billion in Media contracts Across 683 Dubai Assets

AED1.5 billion in Media contracts

Mada Media closed the first half of 2026 with AED1.5 billion in Media contracts, covering 683 advertising assets across Dubai. The company organises, develops and manages the emirate’s out-of-home advertising sector. Eighty local and regional advertising companies entered the tenders held during the period. Earlier company figures put first-quarter contract value at AED971.3 million, which […]