China's Alibaba to raise $4.5 billion through convertible notes offering
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FILE PHOTO: Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo
(Reuters) - Alibaba Group Holding said on Thursday it would sell $4.5 billion in convertible senior notes and plans to repurchase American Depositary Shares using some of the proceeds.
(Reporting by Akash Sriram in Bengaluru; Editing by Shilpi Majumdar)
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