Group 1: Funding and Investment Plans - Alibaba Group plans to raise $3.2 billion through a zero-coupon convertible bond, with nearly 80% of the proceeds allocated for expanding data centers, upgrading technology, and improving services [1][2] - The remaining 20% of the funds will support international e-commerce ventures, including AliExpress, Lazada, and Trendyol, which are experiencing rapid growth overseas [2] Group 2: Recent Financial Activities - This bond issuance follows a $1.5 billion exchangeable bond issued in July and a $5 billion convertible bond sold in May 2024 [3] - Alibaba has committed to invest 380 billion yuan ($53 billion) over three years in artificial intelligence and related technologies [3] Group 3: Performance and Market Position - Alibaba's Cloud Intelligence Group reported a 26% revenue growth to $4.66 billion in the latest quarter, driven by its investment in AI [4] - China's cloud infrastructure spending surged 16% year-over-year to $11.6 billion in Q1 2025, with the market expected to grow from $40 billion in 2024 to $46 billion in 2025, largely due to enterprise adoption of AI [5] - Alibaba Cloud maintains a leading market share of 33%, followed by Huawei Cloud at 18% and Tencent Cloud at 10% [5]

🇬🇧 NEW: Smarter Web Company issues UK’s first $21M BTC-denominated convertible bond. https://t.co/84cSQNv600 ...

UK-listed Smarter Web Company has announced the issuance of a $21 million Bitcoin-denominated convertible bond, fully subscribed by institutional investor TOBAM. The zero-coupon bond allows conversion into equity at a 5% premium and caps Bitcoin purchases at 30% of the proceeds. This marks the first such financing in the UK market. https://t.co/9cVWZjzjMy ...