Bloomberg quoted people familiar with the matter and said that Alibaba's fintech giant Ant Group has raised a loan of $ 6.5 billion (S $ 8.393 billion) to re -financing for the same scale of offshore credit quota to expand its global worldwide.business.
People familiar with the matter said that the three -year loan is divided into two parts, $ 5 billion for the circular credit of Alipay Hong Kong Holdings Co., Ltd., and $ 1.5 billion for Ant International Overseas Company Advanced New TechNOLOGIES SINGAPORERERERCircular credit.
Ant has been expanding global business to hedge the impact of slowing down China's domestic growth.In March of this year, the company established an independent board of directors for its international, database and digital technology business to pave the way for future spin -off.
Ant also established Alipay+international payment network in Southeast Asia, and launched a series of artificial intelligence services.
According to the data compiled by Bloomberg, Alipay obtained a credit limit of $ 6.5 billion in 2022.The financing is divided into two parts, with a $ 3.5 billion and a two -year part, which will expire in November this year, and the other $ 3 billion will expire in November 2027.
