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Alibaba Group announced plans to raise approximately HK$12 billion (around $1.53 billion) through the issuance of zero-coupon exchangeable bonds due in 2032. The bonds will be exchangeable into shares of Alibaba Health Information Technology. The proceeds from this bond offering are intended to support Alibaba's investments in cloud computing infrastructure and to bolster the growth of its international e-commerce operations. This fundraising effort reflects Alibaba's strategic focus on expanding its cloud and global commerce businesses.
Alibaba to issue $1.5 billion exchangeable bonds to fund global e-commerce push https://t.co/gHmYchFDVa
On July 3, Alibaba $BABA announced a HK$12 billion zero-coupon exchangeable bond due 2032, with proceeds going to cloud infrastructure and international e-commerce—its key future growth areas. The bonds are linked to AliHealth (阿里健康, https://t.co/87t9dn149V), whose stock is https://t.co/hfEbF0uqHP
Zhipu secures $1.4 billion strategic investment from Shanghai state funds https://t.co/xaFK7b9853
