Alibaba plans to raise 1.53bn dollars with exchangeable bonds for cloud, commerce push
Islamabad:Chinese tech giant Alibaba Group (9988.HK) is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations, the company has said.Investors can later exchange these bonds, which link to Alibaba Health Technology (0241.HK), for shares in Alibaba Health, and the bonds will not […]