China’s Alibaba to Raise 5 Trillion Won by Selling Dollar Bonds

Input 2021.01.06 13:10

Reuters quotes from officials “plan to raise at least $5 billion”
Promote the sale of dollar denominated bonds…

China’s largest e-commerce company Alibaba Group Holdings plans to raise at least $5 billion (about 5.4 trillion won) by selling US dollar-denominated bonds during this month, Reuters reported on the 5th ( Local time) reported.

A source who requested anonymity told Reuters, “We expect the profits to reach up to $8 billion, depending on the responses of investors.” In particular, it is known that Alibaba’s specific schedule for the plan has already been prepared.

However, as it is not the final draft, the schedule may change in the future, multiple sources said. In addition, it is said that Alibaba is secretly pursuing this fact so that it does not leak to the outside. Reuters inquired about the facts, but said Alibaba declined to respond.

Meanwhile, the Wallst Journal (WSJ) reported that the Chinese authorities are considering measures to make it mandatory for the government to disclose consumer credit information collected by Ant Group, a fintech subsidiary of Alibaba Group. In addition, he analyzed that the government is trying to completely control Ma Yun and the company, which had been buried with’ugly hair’ from an early stage by publicly criticizing the Chinese government’s financial policy.

An official from the Antitrust Committee under the Chinese State Council told WSJ, “The issue of how to regulate Ant Group’s data monopoly is the key to this issue.” “Financial authorities say that Ant Group has a large amount of Chinese consumer credit information, so the government’s financial market risk “We are concerned about getting out of control.”