HANGZHOU, China, May 29, 2024--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), "Alibaba," "Alibaba Group" or the "Company") today announced the completion of its private offering of US$5 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031 (the "Notes"), which amount includes the exercise in full by the initial purchasers of their option to purchase an additional US$500 million aggregate principal amount of the Notes (the "
Today's Research Daily features new research reports on 16 major stocks, including The Coca-Cola Company (KO), Alibaba Group Holding Limited (BABA) and KLA Corporation (KLAC), as well as two micro-cap stocks Mobile Infrastructure Corporation (BEEP) and Espey Mfg. & Electronics Corp. (ESP).
PDD Holdings Inc (NASDAQ:PDD) and Alibaba Group Holding Limited (NYSE:BABA) have played pivotal roles in China’s e-commerce sector. PDD’s value-for-money strategy and the growth of its Temu marketplace have helped it surpass Alibaba in market value, making it the most valuable company in the segment. PDD Holdings reported impressive first-quarter results, boosting its shares by 7.5% and raising its market capitalization to about $208 billion, compared to Alibaba’s $196 billion, CNBC reports. PDD