_alibaba39s-hong-kong-shares-drop-5-on-report-of-365-billion-convertible-bond-offering.jpg "Alibaba's Hong Kong Shares Drop 5% on Report of $5 Billion Convertible Bond Offering from l commerce Video Screenshot Preview")
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✓ Published: 24-May-2024
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✓ Published: 24-May-2024
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Alibaba's shares on the Hong Kong stock exchange fell over 5% after a report that the company is considering selling $5 billion in convertible bonds. Bloomberg reported that Alibaba could launch the bond offering as early as this week to raise capital, citing anonymous sources. Alibaba's rival JD.com recently did a similar $1.75 billion convertible bond offering. Alibaba is trying to boost its core e-commerce business and capture more market share in artificial intelligence as the Chinese economy slows. The company has pledged more investments to \
Alibaba's shares on the Hong Kong stock exchange fell over 5% after a report that the company is considering selling $5 billion in convertible bonds. Bloomberg reported that Alibaba could launch the bond offering as early as this week to raise capital, citing anonymous sources. Alibaba's rival JD.com recently did a similar $1.75 billion convertible bond offering. Alibaba is trying to boost its core e-commerce business and capture more market share in artificial intelligence as the Chinese economy slows. The company has pledged more investments to \
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