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Alibaba Group to raise US$3.17 billion via convertible bonds for cloud infrastructure expansion

Ollie Chang, Taipei; Jingyue Hsiao, DIGITIMES Asia 0

Credit: AFP

Alibaba Group has announced plans to raise US$3.17 billion through zero-coupon convertible bonds, the largest transaction of its kind this year. The funds will primarily support the expansion and technological upgrade of Alibaba's cloud infrastructure,...

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