Alibaba Looking to US$8 billion Loan Deal

Posted by Joachim Bartels | Mar 8, 2013 | Alibaba, China, E-Commerce, Hong Kong, Online Media - Buyer - Seller Platforms, Uncategorized | 0 |

According to Reuters, Chinese e-commerce giant Alibaba Group is looking to borrow up to US$8 billion to refinance the company’s existing debts. Part of the funds will be used towards the US$7.1 billion share buyback deal agreed with majority shareholder Yahoo in May 2012. Alibaba borrowed US$4 billion in loan last year to fund the privatisation of B2B subsidiary Alibaba.com and to finance the Yahoo share buyback.

In other news, various media outlets suggest Alibaba is preparing for a possible initial public offering (IPO) in 2013. Estimations value the company between US$55 billion and US$80 billion. Financial market commentators see the stepping down of company chief executive Jack Ma in May 2013 as a possible indicator of an IPO this year, with Hong Kong and New York suggested as possible listing destinations.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.