Alibaba plans to raise at least $5 billon via dollar bond this month -sources

HONG KONG: Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said.

Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said.