HANGZHOU, China, May 23, 2024--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced a proposed offering (the "Notes Offering"), subject to market and other conditions, of US$4,500 million aggregate principal amount of Convertible Senior Notes due 2031 (the "Notes") in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securiti
BABA, CALB and FSRL have been added to the Zacks Rank #5 (Strong Sell) List on May 23, 2024.
(Bloomberg) -- Alibaba Group Holding Ltd. is considering selling convertible bonds to raise about $5 billion, people familiar with the matter said, following a $1.75 billion offering by rival Chinese online retailer JD.com Inc. this week.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashHarvard Denies Degrees to 13 Protesters, Defying Faculty Vote