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- Alibaba looking to raise $1.53 billion through exchangeable bonds for cloud, commerce push</p>
<p>July 3, 2025 at 6:28 PM</p>
<p>(Reuters) -Chinese tech giant Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through exchangeable bonds to boost investments in cloud infrastructure and global commerce operations.</p>
<p>The bonds link to Alibaba Health Technology , the group said. Investors can later exchange these bonds for shares in Alibaba Health, and the bonds will not pay interest over time.</p>
<p>Alibaba Group holds more than 44% of Alibaba Health.</p>
<p>The debt sale follows Alibaba's $5 billion dual-currency bond in November, which was the largest deal of its kind in Asia-Pacific during 2024.</p>
<p>Thursday's offering comes as more investors tap the Asian credit market after monetary and fiscal stimulus by Beijing policymakers improved the region's debt appeal..</p>
<p>Hong Kong-listed shares of Alibaba Group closed 2.9% lower at HK$106.20 on Thursday, while Alibaba Health stock ended down 2.8%.</p>
<p>($1 = 7.8496 Hong Kong dollars)</p>
<p>(Reporting by Rishav Chatterjee in Bengaluru; Editing by Tasim Zahid)</p>
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