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Alibaba Evaluating Expansion Plans, Meeting With Bankers To Raise $4 Billion

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According to a report from The Wall Street Journal, Alibaba Group Holding Ltd (NYSE: BABA) is in talks with bankers to raise $4 billion to finance expansion plans.

Related Link: Alibaba-Groupon Merger "Likely," Says Report

The Wall Street Journal noted that Alibaba is expected to finalize loans next month as it continues grabbing up stakes in both China and abroad. Specifically, the China-based e-commerce giant has been expanding its operations into online video and local services, including a 5.6 percent stake in Groupon Inc (NASDAQ: GRPN).

Shares of Alibaba were trading higher by nearly 1 percent mid-Thursday afternoon.

 

Related Articles (GRPN + BABA)

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