Alibaba to raise $1.53 billion with exchangeable bonds for cloud, commerce investments

Alibaba Group plans to raise $1.53 billion through exchangeable bonds to boost investments in its cloud infrastructure and global commerce operations. The bonds will link to Alibaba Health Technology and can be exchanged for shares in Alibaba Health. Alibaba's AI rollout in China has been delayed due to the US-China trade war, and the company has been accelerating its investments in AI and cloud services.