Reported 2 days ago
Alibaba Group plans to secure $3.2 billion by issuing zero-coupon convertible senior notes to bolster its cloud services and international e-commerce operations. The funds, with a maturity date of September 15, 2032, will primarily support cloud infrastructure enhancements and operational investments in international commerce. This initiative follows previous fundraising efforts aimed at strengthening Alibaba's market presence amidst significant investments in AI and technology.
Source: YAHOO