China's Alibaba signs $3b five-year loan deal to support acquisition spree

China's Alibaba signs $3b five-year loan deal to support acquisition spree

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

China’s Alibaba Group Holding Ltd on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas.

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