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China’s Alibaba to raise $4.5 billion through convertible notes offering

By Thomson Reuters May 23, 2024 | 8:42 AM

(Reuters) – Alibaba Group Holding said on Thursday it would sell $4.5 billion in convertible senior notes and plans to repurchase American Depositary Shares using some of the proceeds.

(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)

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