The debt raising plan comes months after an October speech from billionaire co-founder Jack Ma about regulation stifling innovation that led to the suspension of affiliate Ant Group's blockbuster $37 billion initial public offering.
HONG KONG: Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a U.S. 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.
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