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China tech

Under government pressure, Alibaba seeks up to $8bn from bond sale

Chinese internet company's shares down 23% since Beijing halted Ant Group IPO

China's largest e-commerce company is set to market at least $5 billion in bonds of varying durations that would be fixed after further discussion with prospective investors.   © Reuters

HONG KONG -- Alibaba Group Holding is set to raise up to $8 billion this month in its first offshore bond sale since 2017 even as the company comes under unprecedented regulatory pressure in China.

According to three people familiar with its plans, China's largest e-commerce company is set to market at least $5 billion in bonds of varying durations that would be fixed after further discussion with prospective investors.

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