More funding for global data center rollout pending
Alibaba Group is looking to raise up to $1.53 billion in exchangeable bonds, partly to fund the expansion of its cloud computing infrastructure.
Investors will be able to later exchange the bonds for shares in Alibaba Health, while the bonds will not pay interest over time.
As reported by the South China Morning Post, the bonds will mature in July 2032.
The proceeds are partly earmarked for Alibaba’s ongoing cloud computing push, while the remaining funding will go to its global commerce business.
Alibaba Cloud has committed to investing $52.7bn in expanding its global data center footprint.
This week, the company launched a third data center in Malaysia and revealed that a second data center would launch in the Philippines in October 2025. Other global expansions this year include a second data center in South Korea in June 2025, a new region in Mexico, and a second data center in Thailand.
With plans to establish a “unified global cloud network,” Alibaba Cloud is being selective in its locations, having exited its data centers in Australia and India in 2024. Alibaba previously included Japan among the markets it is exploring expanding into.
