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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.

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