HONG KONG -- Alibaba Group raised $5 billion in Asia's largest bond offering in eight months in a sign that investors are growing more sanguine about China's crackdown on the Jack Ma-controlled e-commerce giant.
The bond issue was priced in a way that suggested strong demand, according to people familiar with the situation. However it was still smaller than plans last month for an $8 billion raising.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)