Friday May 25, 2018
Home > BUSINESS
Text:| Print|

Alibaba said to get $3b credit

2012-05-03 11:20 China Daily     Web Editor: Zhang Chan comment

Alibaba Group Holding Ltd, China's biggest e-commerce company, completed a $3 billion loan with about 20 banks, according to two people familiar with the matter.

Four lenders joined the six arranging banks with commitments of $300 million each, and other banks commit lower amounts.

Alibaba's Hong Kong-based spokesman John Spelich declined to comment.

Comments (0)

Copyright ©1999-2011 Chinanews.com. All rights reserved.
Reproduction in whole or in part without permission is prohibited.