Core Points - Alibaba has completed an exchange offer for its outstanding dollar-denominated senior unsecured notes due in November 2024 [1] - The exchange offer was initiated on September 4, 2025, for a total principal amount of up to $1 billion of 4.875% senior notes due in 2030, up to $1.15 billion of 5.250% senior notes due in 2035, and up to $500 million of 5.625% senior notes due in 2054 [1] - The outstanding notes were issued in a transaction exempt from registration under the U.S. Securities Act [1] Summary of Exchange Offer - The exchange offer was valid until October 2, 2025, at 5:00 PM New York City time, with the tendering period for guaranteed delivery expiring on October 7, 2025, at 5:00 PM [2] - As of the final tally by the exchange agent on October 7, 2025, holders submitted $995.7 million or 99.6% of the outstanding 4.875% senior notes due in 2030, $1.145 billion or 99.6% of the 5.250% senior notes due in 2035, and $496 million or 99.2% of the 5.625% senior notes due in 2054 for exchange [2] - The submitted notes have been canceled [2]