Alibaba, JD.com Deals Give Shot in the Arm to Asia Loan Market

Technology giants Alibaba Group Holding Ltd. and JD.com are adding a jolt of energy to the Asian-Pacific syndicated loan market with plans to raise billions of dollars in foreign currency.

Alibaba is in talks with banks to refinance a $6.5 billion loan maturing next year, while JD.com is planning to raise a euro-denominated facility to back its proposed €2.2 billion ($2.6 billion) acquisition of German electronics retailer Ceconomy, according to people familiar with the matter.