Alibaba mulls raising $5 billion via US dollar-denominated bond in January
Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said
Reuters | January 6, 2021 | Updated 11:50 IST
The plan, including the timeline, is not final and subject to change
Chinese e-commerce leader Alibaba Group Holding Ltd plans to raise at least $5 billion through the sale of a US dollar-denominated bond this month, four people with direct knowledge of the matter said. Depending on investor response, proceeds could reach $8 billion which Alibaba is likely to use for general corporate expenditure, one of the people said.
Updated Jan. 7, 2021 4:25 am ET
U.S. officials are considering prohibiting Americans from investing in Alibaba Group Holding Ltd. and Tencent Holdings Ltd. , a potential escalation of the Trump administration’s efforts to unwind U.S. investors’ holdings in major Chinese companies.
State and Defense Department officials in recent weeks have discussed expanding a blacklist of companies prohibited to U.S. investments over alleged ties to China’s military and security services, according to people familiar with the matter. The U.S. government announced its original blacklist in November with 31 companies.
Tencent and Alibaba are China’s two most valuable publicly listed companies, with a combined market capitalization of more than $1.3 trillion and scores of American mutual funds and other investors holding their shares. Alibaba’s New York-listed American depositary receipts fell more than 5% on Wednesday, while Tencent ADRs tumbled by about 4% in the U.S. over-th
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By Dawn Lim, Jing Yang and Gordon Lubold U.S. officials are considering prohibiting Americans from investing in Alibaba Group Holding Ltd. and Tencent Holdings Ltd., said people familiar with the matter. In recent weeks, State Department and Department of Defense officials have held conversations on expanding a blacklist of companies that are prohibited to U.S. investments because of claimed ties to China s military and security services. The U.S. government announced its original blacklist in November with 31 companies. The departments have debated with the Treasury Department over whether adding these firms could have wide capital-markets ramifications, the people said. The plan is still under deliberation and may not go through as agencies debate its impact on markets, the people added.
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Three of the nation’s four largest supermarket operators - The Kroger Co., Albertsons Cos. and Publix Super Markets - are expected to be “winners” in 2021 when it comes to store visits, according to location-based retail foot traffic specialist Placer.ai. All 3 retailers - grouped in a category dubbed “traditional grocery” - already turned in “a huge year” in terms of customer visits for the first 11 months of 2020, according to Ethan Chernofsky, vice president of marketing at Israel-based Placer.ai, which has U.S. offices in Los Altos, California.