February 9, 2017Blog Posts

This $75 Billion Alibaba Business Is Readying to Become Even More of a Global Force of Nature

TheStreet:

Ant Financial, the finance affiliate of Chinese e-commerce giant Alibaba (BABA) , is seeking to raise around $3 billion through a debt issuance to fund its acquisitions, various news outlets reported. Hangzhou, China-based Ant Financial is raising money for future acquisitions and also in part to finance its acquisition of Dallas-based money transfer company MoneyGram International (MGI) .

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