Alibaba Prices $1.5 Billion Via Zero-Coupon Bonds To Fund AI, Cloud Push
Alibaba Group Holding Limited (NYSE:BABA) (OTC:BABAF) announced the pricing of HK$12.023 billion ($1.5 billion) in zero-coupon exchangeable bonds due 2032, marking the Chinese e-commerce giant’s latest move to fuel its artificial intelligence and cloud expansion strategy.
Benzinga ·