People familiar with the matter said that Alibaba is considering issuing convertible bonds and plans to raise about 5 billion US dollars in capital. Earlier this week, JD also issued 1.75 billion US dollars of convertible bonds.
People familiar with the matter said that Alibaba has discussed with the investment bank to issue bonds that can be converted into US listed shares. People familiar with the matter said the move was aimed at funding share buybacks and growth.
People familiar with the matter said it may be released as early as this week, but it hasn't been done yet.