SaralnamaAlibaba plans to raise $3.2 billion through convertible notes on in China. The company will use 80% of the money to improve its cloud services. This includes building more data centers and upgrading technology. The remaining 20% will go towards global e-commerce growth. The notes will mature. Alibaba aims to meet the growing demand for cloud computing and boost its AI capabilities. This move will help Alibaba strengthen its position in the global tech market. (Updated 11 Sep 2025, 09:09 IST; source: link)
Key Points
- Alibaba plans to raise $3.2 billion through convertible notes on in China
- The company will use 80% of the money to improve its cloud services
- This includes building more data centers and upgrading technology