Alibaba Announces $4.5 Billion Raise for Share Repurchases via Convertible Bonds

Friday, 24 May 2024, 04:18
Alibaba, the Chinese e-commerce giant, has unveiled its strategy to raise $4.5 billion through a convertible-bond issuance to fund share repurchases. This move mirrors a recent initiative by JD.com and signals a competitive trend in the industry towards bolstering stock buyback programs. The decision showcases Alibaba's commitment to capitalizing on market opportunities and optimizing shareholder value.
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Alibaba Announces $4.5 Billion Raise for Share Repurchases via Convertible Bonds

Alibaba Plans $4.5 Billion Raise for Buybacks with Convertible Bonds

The Chinese company, Alibaba, has announced its intention to issue $4.5 billion in convertible bonds to finance share repurchases, emulating a move previously made by rival JD.com.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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