The Chinese e-commerce giant Alibaba announced a bond issuance valued at 3.2 billion dollars (approximately 2.985 billion euros) to enhance its cloud computing infrastructure and expand its international operations.
In a statement to the Hong Kong Stock Exchange—where it is listed alongside New York—the company indicated that the bonds will mature in September 2032 and will be offered via private sale, with the possibility of conversion into Alibaba shares traded in the United States.
Of the total raised, 80% will be allocated to the expansion of data centers, technological modernization, and service improvement to meet the “growing demand” in the cloud sector, while the remaining 20% will strengthen the company’s international presence in e-commerce.
Although the latter remains Alibaba’s main revenue generator, the group’s leadership has identified cloud computing and artificial intelligence (AI) as strategic priorities for future growth.
With its AI model Qwen as a benchmark, Alibaba has emerged as one of the most visible faces of the burgeoning artificial intelligence sector in China. In February, the company announced investments of at least 380 billion yuan (45.6 billion euros) in AI and cloud services infrastructure.
Following the bond issuance announcement, Alibaba’s shares in Hong Kong rose by 0.63% around 1:00 PM local time (06:00 in Lisbon), accumulating an appreciation of nearly 77% since the beginning of the year.
