09:26 AM EDT, 09/11/2025 (MT Newswires) -- Alibaba Group ( BABA ) said Thursday it has priced a $3.2 billion offering of zero-coupon convertible senior notes due 2032.

Net proceeds from the offering are estimated to be about $3.13 billion. These proceeds will be used to strengthen cloud infrastructure and expand international commerce operations, as well as for general corporate purposes.

The offering is set to close on Sept. 16.

Alibaba ( BABA ) was up 3% in recent Thursday premarket trading.

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