Alibaba plans US$3.17 billion note sale to fund cloud and AI buildout

Chinese tech firms are trying to raise cash as the fight for market share in AI heats up, and Alibaba is taking the lead. The e-commerce giant is seeking about US$3.17 billion through the sale of zero-coupon convertible notes, a deal set to be the largest of its kind this year. The notes, due in […]

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