p2eblockchain| Ali is reported to be considering issuing US$5 billion in convertible bonds as early as this week

People familiar with the matter said that Alibaba is considering issuing convertible bonds and plans to raise about US$5 billion. Jingdong also issued 17 previously this weekp2eblockchain.500 million US dollarsp2eblockchainConvertible bonds.

People familiar with the matter said Alibaba has held discussions with investment banks about issuing bonds that can be converted into U.S. listed shares. People familiar with the matter said the move is intended to fund share buybacks and growth.

People familiar with the matter said a release could come as early as this week, but it has not yet been made.