, Columnists
Alibaba's Cash Problem: Too Much
The acquisitive e-commerce leader is tapping banks again for funds.
This article is for subscribers only.
Is there such a thing as too much cash? Not for a Chinese company like Alibaba, which raised $8 billion in a coveted loan deal two years ago, followed by a record $25 billion from its New York IPO.
The company is tapping banks again for at least $3 billion in one of the biggest borrowings this year by an Asian company, second only to the $50 billion loan ChemChina is taking out for its purchase of Switzerland's Syngenta, in the nation's biggest overseas deal.