Alibaba in talks with several banks for up to $4 billion loan: WSJ

February 26, 2016 1:07 PM

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Alibaba in talks with several banks for up to $4 billion loan: WSJ

Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter.

The loan is expected to be finalized next month, one of the people told the Journal. (on.wsj.com/21mefBf)

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