Alibaba group announces proposed offering of convertible senior notes

Hangzhou, china--(business wire)--alibaba group holding limited (nyse: baba and hkex: 9988 (hkd counter) and 89988 (rmb counter), “alibaba,” “alibaba group” or the “company”) today announced a proposed offering (the “notes offering”), subject to market and other conditions, of us$4,500 million aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to rule 144a under the secu.
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