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.
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
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