Alibaba seeks US$1.5 billion from exchangeable bonds for cloud, e-commerce push
Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international e-commerce operations, the company said on Thursday. The bonds will not pay interest but will allow bondholders to exchange them for shares of its subsidiary, Alibaba Health Information Technology. “Alibaba Group intends to use the […]
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