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Alibaba Group Holding Ltd
(NY:
BABA
)
162.25
-3.92 (-2.36%)
Streaming Delayed Price
Updated: 12:17 PM EDT, Sep 18, 2025
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Alibaba Plans To Raise $3.2 Billion Through Convertible Bond As It Doubles Down On Cloud Expansion And $53 Billion AI Investment Drive
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Alibaba will raise $3.2 billion through a convertible bond to expand its cloud infrastructure and support a $53 billion AI investment plan, while also boosting international e-commerce growth.
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Alibaba Group Announces Proposed Offering of Approximately US$3.2 Billion of Zero Coupon Convertible Senior Notes
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Alibaba Group Holding Limited shares climbed 2.4% to HK$140.60 ($18.05) on the Hong Kong Exchange on Tuesday.
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Why Shares of Alibaba Are Rising Today
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A Wall Street analyst raised his price target on the stock.
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