Alibaba to raise HK$12bn in exchangeable bonds
Chinese technology giant Alibaba Group is seeking to raise approximately HK$12 billion (US$1.53 billion) through the issuance of exchangeable bonds, the company announced on Thursday. The move is aimed at bolstering Alibaba’s investments in cloud infrastructure and its expanding global commerce operations. The bonds will be exchangeable for shares in Alibaba Health Technology, a Hong […]