Alibaba's Hong Kong shares drop 5% after report of possible $5 billion convertible bond sale

  • 📰 CNBC
  • ⏱ Reading Time:
  • 16 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 72%

Breaking News: Markets News

Technology,Breaking News: Technology,Markets

Hong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds.

Hong Kong-listed shares of Alibaba ended the trading day 5.24% lower, after falling more than 6% earlier in the day.

CNBC could not independently confirm the report, and Alibaba did not immediately respond to a request for comment.Earlier this year, Alibaba CEO Eddie Wu pledged to "reignite" growth in the company with further investments. Early signs point to this strategy taking hold in the March quarter.

Technology Breaking News: Technology Markets London Alibaba Group Holding Ltd New York Business News

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vice-Chancellor and President - Hong Kong (HK) job with The Chinese University of Hong KongThe Chinese University of Hong Kong Vice-Chancellor and President The Chinese University of Hong Kong (CUHK) is conducting a worldwide search for the position of Vice-Chancellor and President, in succession to Professor Rocky S. Tuan.
Source: Nature - 🏆 64. / 68 Read more »

King Kong's Iconic Empire State Building Scene In Peter Jackson's Movie Gets Low Accuracy Score From Primate ExpertKing Kong looking stoic next to King Kong roaring in King Kong 2005
Source: screenrant - 🏆 7. / 94 Read more »

Strong to severe storms possible Thursday and Thursday nightMontgomery, Alabama
Source: ALNewsNetwork - 🏆 583. / 51 Read more »

Kim Jong Un portrait displayed in North Korea, elevating his statusMithil Aggarwal is a Hong Kong-based reporter/producer for NBC News.
Source: NBCNewsHealth - 🏆 707. / 51 Read more »

Worldcoin Operations Violate Privacy and Should Cease, Hong Kong Regulator SaysCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Source: CoinDesk - 🏆 291. / 63 Read more »

UK man charged with collaborating with Hong Kong intelligence service found deadOne of three men in the United Kingdom charged with collaborating with the Hong Kong intelligence service was found dead in an England park. Investigations into his death are ongoing.
Source: FoxNews - 🏆 9. / 87 Read more »