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Alibaba, Tencent, and Baidu have raised $5B+ via bonds this month for AI and digital infra; with JD.com, their combined 2025 AI capex is projected to top $32B (Bloomberg)

Bloomberg : Alibaba, Tencent, and Baidu have raised $5B+ via bonds this month for AI and digital infra; with JD.com, their combined 2025 ...

17 September 2025

Tencent and Baidu sold $3.3B combined in offshore bonds this year, the most ever for Chinese tech companies, as companies secure cheap financing for AI buildout (Janice Huang/Bloomberg)

Janice Huang / Bloomberg:
Tencent and Baidu sold $3.3B combined in offshore bonds this year, the most ever for Chinese tech companies, as companies secure cheap financing for AI buildout  —  Chinese internet firms are raising a record amount of funds in Hong Kong's dim sum bond market, as they look to secure cheap financing …

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