Alibaba Wants To Borrow $4 Billion. Guess What?

Wall Street Journal reported on Friday that China

The giant Alibaba Group Holding Ltd is negotiating with several banks about an expansion plan of lending up to $4, or one billion, including takeover, citing people familiar with the situation.

The loan is expected to be finalized next month, one of whom told the magazine.

Alibaba has picked up chips and bought them in Chinese enterprises and abroad.

The company has also expanded in other areas, such as the volume of online video and local services, and the growth of core online shopping business has slowed down.

Alibaba shares rose 2.2% in the pre trading volume of $68.13 last Friday.

Up to $66.66 on Thursday, the stock fell to 18% this year.

The fund is mainly used to fund Alibaba's expansion plans, including mergers and acquisitions, the person familiar with the matter said.

Over the past year, Alibaba has invested billions of dollars in overseas markets such as China and India for investment and acquisitions.

Last February, Alibaba's financial department ant gold clothing announced the acquisition of India online payment service company One97 Communication 25% stake.

In November,

It announced the purchase of Youku potatoes with cash from us depositary shares of $27.60 per share.

Excluding Youku potatoes owned by Alibaba, the paction is valued at $4 billion 770 million for the remaining shares of Youku potatoes.

In December, Alibaba announced that it had reached the final agreement with the South China Morning Post Group.

The South China Morning Post and its other media assets include South China Morning Post's paper and online editions, magazines and outdoor media.