Alibaba aims to raise $5 billion in dual currency bond deal, sources say

Alibaba Group, the Chinese e-commerce giant, is looking to raise $5 billion through a multi-tranche bond offering. The offering will include both dollar and offshore Chinese yuan bonds, with varying maturities ranging from 3.5 years to 30 years. The company plans to use the proceeds for general corporate purposes, including debt repayment and share buybacks.