Alibaba Seeks to Raise $3.2 Billion via Convertible Notes to Boost Cloud Capabilities

Alibaba eyes US$3.2 billion boost for cloud and global e-commerce push

The zero-coupon convertible senior notes maturing on September 15, 2032, will be sold via a private offering to non-US investors.

Alibaba seeks to raise $3.2 billion via convertible notes to boost cloud capabilities

China’s Alibaba is looking to raise about $3.2 billion in a zero-coupon convertible note offering to strengthen its cloud infrastructure.

Alibaba Plans To Raise $3.2 Billion Through Convertible Bond As It Doubles Down On Cloud Expansion And $53 Billion AI Investment Drive - Alibaba Gr Hldgs (NYSE:BABA), Tencent Holdings (OTC:TCEHY)

On Thursday, Alibaba Group Holding Ltd. (NYSE:BABA) said that it will raise $3.2 billion through a zero-coupon convertible bond. Alibaba shares slipped 2.16% in Wednesday's regular session and declined a further 0.40% in after-hours trading, according to Benzinga Pro data. Funding Cloud And Global Growth The e-commerce and technology giant said nearly 80% of the proceeds will go toward expanding data centers, upgrading technology and improving s…

Alibaba to Raise $3.2 Billion Via Convertible Bond to Fund Cloud Growth

Alibaba to raise $3.2bn via convertible bond

Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing, reports Reuters. The bond will be the largest of its kind this year, showed Dealogic data, eclipsing DoorDash’s $2.75 billion deal in May. Alibaba said it […]

Alibaba to Raise $3.2bn via Zero-Coupon Convertible Bond, Fueling Global Cloud and AI Push

Alibaba Group has announced plans to raise $3.2 billion through a zero-coupon convertible bond, the largest such offering this year, according to Dealogic data. The move underscores the Chinese e-commerce and technology giant’s drive to fund international expansion and strengthen its cloud computing arm, as artificial intelligence becomes increasingly central to its growth ambitions. The […] The post Alibaba to Raise $3.2bn via Zero-Coupon Conve…