Alibaba Borrows $4.5B, Why?

Описание к видео Alibaba Borrows $4.5B, Why?

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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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