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03.07.25 - 17:12
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Alibaba seeks US$1.5 billion from exchangeable bonds for cloud, e-commerce push (SCMP)
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Alibaba Group Holding plans to raise HK$12 billion (US$1.5 billion) via exchangeable bonds to fund its cloud business and international e-commerce operations, the company said on Thursday.
The bonds will not pay interest but will allow bondholders to exchange them for shares of its subsidiary, Alibaba Health Information Technology.
“Alibaba Group intends to use the net proceeds from the bond offering for general corporate purposes, including investments to support the development of our cloud......
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02.07.25 - 08:24
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Alibaba Cloud expands AI footprint with data centres in Malaysia, Philippines (SCMP)
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Alibaba Cloud, the cloud computing services and artificial intelligence (AI) arm of Alibaba Group Holding, unveiled plans to launch new data centres in Malaysia and the Philippines, as it expands infrastructure investments to meet the growing demand for AI in the region.
In a statement on Tuesday marking a decade of operations in Singapore, Alibaba Cloud said it had launched its third data centre in Malaysia, and planned to open a second one in the Philippines in October this year. The latest......
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30.06.25 - 20:06
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Oracle Inks Cloud Deal Worth $30B A Year (Bloomberg)
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Oracle Corp. said it has signed a single cloud deal worth $30 billion in annual revenue — more than the current size of its entire cloud infrastructure business. Bloomberg's Brody Ford has more on the story. (Source: Bloomberg)...
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