(Reuters) -- Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing.
Bonds
Alibaba to raise $3.2bn via convertible bond to fund cloud growth
Chinese e-tailer plans to expand data centers with biggest bond of its kind this year
Alibaba says it will use a convertible bond to pay for expanding data centers, upgrading technology and improving services to meet demand for cloud computing. © Reuters
Read Next
Latest on Bonds
