Jack Ma's Alibaba Group plans to raise $5 billion bond
Shortpedia
Content Team
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Amid the ongoing regulatory scrutiny of Jack Ma's empire, Alibaba Group Holding Limited is going to raise at least $5 billion through the sale of a US dollar-denominated bond. The e-commerce leader could raise up to $8 billion through the sale of the bond. The news comes even as co-founder Jack Ma is reportedly missing for the past two months. Jack Ma had criticised the policies of the Chinese government.
