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 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  –