Alibaba To Raise $3.2 Billion; Perplexity Finalises $20 Bn Valuation Round
Chinese e-commerce leader Alibaba said on Thursday it plans to raise $3.2 billion through the sale of a zero-coupon convertible bond to fund international expansion and strengthen cloud computing. According to a report, AI startup Perplexity has secured commitments from investors for $200 million in new funding at a $20 billion valuation.
