BABA: Alibaba Issues $1.53B Zero-Coupon Bonds to Back Cloud Expansion — But a $433M Past Persists
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Court: S.D. New York
Case: 1:20-cv-09568
⚡ Key Points:
- $1.53B raised through 2032 exchangeable bonds
- Proceeds to fund cloud and global commerce growth
- $433.5M investor settlement remains unresolved
Alibaba is doubling down on infrastructure and international growth, but not every investor is focused on what’s next.
💵 New Bonds Signal Long-Term Ambitions
- Alibaba completed a US$1.53 billion issuance of zero-coupon exchangeable bonds due 2032, exchangeable into shares of its subsidiary, Alibaba Health.
- The offering — led by Linklaters as international counsel — will be listed on the Vienna MTF.
- Funds are earmarked for general corporate use, including expansion of cloud infrastructure and international commerce.
- This follows a series of high-profile equity-linked deals in Asia-Pacific — and comes at a time when Alibaba is seeking to reaffirm long-term growth confidence.
☁️ Cloud and Commerce Remain the Focus
- The move highlights Alibaba’s continued bet on scaling its AI-driven cloud platform and cross-border retail operations.
- Recent efforts include deepening regional reach in Southeast Asia and growing partnerships in Europe.
- Still, sentiment in domestic markets remains cautious amid broader economic uncertainty and competitive pricing pressures.
⚖️ Meanwhile: $433.5M Still on the Table
- At the same time, Alibaba has agreed to a $433.5 million settlement with
BABA investors over allegations it misled them about regulatory challenges tied to Ant Group. - The sudden halt of Ant’s IPO in November 2020, followed by antitrust action, led to a two-day stock drop of over 20%.
- Shareholders claim Alibaba failed to disclose risks that ultimately derailed the public offering and affected valuation.
- If you owned BABA shares between late 2020 and early 2021, you may still be eligible for payout.
🔍 Final Take
- With billions now flowing into future-focused bets, Alibaba is reshaping its growth engine.
- But for investors affected by past missteps, that $433M issue isn’t quite behind them yet.
You can check more information about the BABA settlement and file for payment HERE.