Alibaba Group has announced plans to raise $3.2 billion through a zero-coupon convertible bond offering, with 80% of the proceeds earmarked for expanding its cloud infrastructure and data centers. This strategic move reflects Alibaba’s commitment to positioning its cloud division as a core growth driver amid rising global demand for digital services. The remaining funds will support international commerce operations, reinforcing the company’s broader ambition to diversify beyond e-commerce and stay competitive in the global tech landscape.