Alibaba in talks with several banks for up to $4b loan: WSJ

Alibaba in talks with several banks for up to $4b loan: WSJ

Photo: REUTERS/Steven Shi

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter.

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