Alibaba Group Holding Limited (“Alibaba”) successfully completed the concurrent offering of USD 5 billion in principal amount of senior unsecured notes, denominated in both USD and RMB. The issuance included USD 2.65 billion aggregate principal amount of USD-denominated senior unsecured notes (issued on November 26, 2024), and RMB 17 billion aggregate principal amount of RMB-denominated senior unsecured notes (issued on November 28, 2024).

Fangda Partners acted as Alibaba’s PRC legal counsel, providing comprehensive legal services for the transaction.

The Fangda team was led by partners Jeffery Ding and Brian Liu. Team members included counsels Travis Xu and Cassie Chang, and associates Willa Fang, Arial Yuan and Lewis Liu.