Alibaba plans to raise at least $5 billion via dollar bond this month: Sources

Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said. Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said. https://ift.tt/3pQJOS2