Alibaba seeks $5b loan amid tech financing rush

Alibaba seeks $5b loan amid tech financing rush

A logo of Alibaba Group is pictured at its headquarters in Hangzhou, Zhejiang province, China, October 14, 2015. REUTERS/Stringer CHINA OUT

Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters’ Basis Point, amid a flurry of fund-raising by China’s tech giants.

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