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Jack Ma's Alibaba raises $5bn in biggest Asia bond sale since May

Demand suggests investors are unfazed by regulatory curbs on e-commerce group

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.

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