Alibaba tipped to raise up to $8bn in a test of investor sentiment
E-commerce leader cofounded by Jack Ma will sell a dollar-denominated bond in January, sources say
06 January 2021 - 08:46
Hong Kong — Chinese e-commerce leader Alibaba Group Holding plans to raise at least $5bn through the sale of a dollar-denominated bond this month, four people with direct knowledge of the matter said.
Depending on investor response, proceeds could reach $8bn which Alibaba is likely to use for general corporate expenditure, one of the people said...
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