{"id":24123,"date":"2017-03-10T06:38:32","date_gmt":"2017-03-10T06:38:32","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=24123"},"modified":"2017-03-10T06:38:32","modified_gmt":"2017-03-10T06:38:32","slug":"alibaba-seeks-5-billion-loan-amid-tech-financing-rush","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/alibaba-seeks-5-billion-loan-amid-tech-financing-rush.html","title":{"rendered":"Alibaba seeks $5 billion loan amid tech financing rush"},"content":{"rendered":"<h2 style=\"text-align: justify;\">\n\t<span style=\"font-size:22px;\"><strong><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Alibaba seeks $5 billion loan amid tech financing rush<\/span><\/span><\/strong><\/span><br \/>\n<\/h2>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Alibaba seeks $5 billion loan amid tech financing rush:- Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters&#39; Basis Point, amid a flurry of fund-raising by China&#39;s tech giants.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Alibaba is looking to raises the funds offshore via a bullet loan with a five-year maturity, with the aim of using the proceeds for general corporate purposes including refinancing, the sources said.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">The plan comes as key rival Tencent Holdings looks to raise up to $2 billion in new debt funding, with competition heating up amongst the country&#39;s Internet firms domestically and overseas.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Alibaba, best known for its e-commerce platforms Tmall and Taobao, has been expanding into cloud computing, big data and logistics.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"color:#000000;\"><span style=\"font-size:18px;\"><span style=\"font-family:arial,helvetica,sans-serif;\">An Alibaba spokeswoman declined to comment.<\/span><\/span><\/span>\n<\/p>\n<p style=\"text-align: justify;\">\n\t<span style=\"font-size:8px;\"><span style=\"color:#000000;\"><span style=\"font-family:arial,helvetica,sans-serif;\">Source:-&nbsp;http:\/\/www.reuters.com\/article\/us-alibaba-financing-idUSKBN16G1YX<\/span><\/span><\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/alibaba-seeks-5-billion-loan-amid-tech-financing-rush.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Alibaba seeks $5 billion loan amid tech financing rush Alibaba seeks $5 billion loan amid tech financing rush:- Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters&#39; Basis Point, amid a flurry of fund-raising by China&#39;s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24125,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[14964,14909,14934,14954],"class_list":["post-24123","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-alibaba-seeks-5-billion-loan-amid-tech-financing-rush","tag-daily-news-online-usa","tag-financial-news-usa-online","tag-latest-news-online-usa"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/24123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=24123"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/24123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/24125"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=24123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=24123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=24123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}