- November 24th, 2024
Alibaba Group Holding Ltd., one of the world’s largest e-commerce and technology conglomerates, has set the stage for a significant financial maneuver by unveiling initial price guidance for its $5 billion dual-currency bond issuance. The strategic move, aimed at diversifying...
Chinese e-commerce powerhouse Alibaba Group is embarking on an ambitious plan to raise $5 billion through a multi-tranche bond offering, according to sources privy to the matter. The fundraising initiative includes both U.S. dollar-denominated bonds and offshore Chinese yuan bonds,...
Alibaba Group Holding failed to meet analysts' expectations for its quarterly sales, citing ongoing economic uncertainty in China that has dampened consumer spending. The e-commerce giant's revenue for the second quarter ended September 30 reached 236.50 billion yuan (US$32.72 billion),...
China’s largest e-commerce platform, Alibaba Group, has announced impressive sales numbers following this year’s Singles’ Day shopping festival, reporting “robust growth” and a “record number” of shoppers. The annual retail event, which began as a one-day affair on November 11,...
Alibaba Group Holding will finalize its long-awaited shift to a primary listing on the Hong Kong Stock Exchange today. This move, which upgrades its status from a secondary to a primary listing, could prove to be as significant for Hong...