Shares & Derivatives
Alibaba Borrows $4.5B, Why?
By Dr Wealth  •  May 24, 2024
Subscribe for more stock analyses and market updates: Alibaba issued convertible notes to raise $4.5 billion. But it just gave out US$4 billion of dividends and bought back $9.5 billion worth of shares in 2023. It has over US$600 billion in cash and short term investments. It is not that Alibaba lack money. Why is it borrowing?...
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By Dr Wealth
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