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March 10, 2016 08:43 am GMT
It looks like Alibaba is in the mood for more acquisitions. The company’s recent investment spree — which includes the ongoing $3.5 billion purchase of Youku Tudou and new stakes in Groupon, PayTM and Snapdeal — is about to get fresh ammunition after Alibaba confirmed it has closed a $3 billion loan. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/nS33OG4PkdU/
Alibaba secures $3B loan to finance more investments and acquisitions
It looks like Alibaba is in the mood for more acquisitions. The company’s recent investment spree — which includes the ongoing $3.5 billion purchase of Youku Tudou and new stakes in Groupon, PayTM and Snapdeal — is about to get fresh ammunition after Alibaba confirmed it has closed a $3 billion loan. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/nS33OG4PkdU/
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