Saturday, 14 March, 2026
Alibaba Raises $3.2B via Convertible Bond to Fuel Cloud Expansion
By Isha
Alibaba is issuing a zero-coupon convertible bond to raise $3.2 billion, earmarked mainly for expanding its cloud infrastructure. About 80% of the proceeds will go toward building data centers, upgrading technology, and enhancing cloud services, while the remaining funds will support its international e-commerce presence and operational improvements.
Read full story at Economic Times