Hong Kong-listed shares of Alibaba fell over 5% Thursday following a report that the Chinese tech giant is considering selling convertible bonds.
Hong Kong-listed shares of Alibaba ended the trading day 5.24% lower, after falling more than 6% earlier in the day.
CNBC could not independently confirm the report, and Alibaba did not immediately respond to a request for comment.Earlier this year, Alibaba CEO Eddie Wu pledged to "reignite" growth in the company with further investments. Early signs point to this strategy taking hold in the March quarter.
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