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Alibaba Group Holding Ltd. ( (HK:9988) ) has provided an update.
Alibaba Group Holding Limited announced a proposed offering of approximately HK$12 billion in zero coupon exchangeable bonds, linked to its subsidiary Alibaba Health Information Technology Limited. The proceeds from this bond offering are intended for general corporate purposes, including investments in cloud infrastructure and international commerce. This strategic financial move is expected to support Alibaba’s ongoing collaboration with Alibaba Health and drive transformation in the ‘AI + Healthcare’ industry. Additionally, the bond offering may lead to hedging activities that could impact the market price of Alibaba Health shares.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$106.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Limited is a leading company in the e-commerce and technology industry, offering a wide range of services including online retail, cloud computing, and digital media. The company is known for its significant market presence in China and its expanding international operations.
Average Trading Volume: 103,268,660
Technical Sentiment Signal: Buy
Current Market Cap: HK$2095.9B
See more insights into 9988 stock on TipRanks’ Stock Analysis page.