More data centers are going to get build from said funds - killing privacy and self custody of user data

Zion

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> Chinese e-commerce leader Alibaba (9988.HK), opens new tab 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.

> The bond will be the largest of its kind this year, showed Dealogic data, eclipsing DoorDash's (DASH.O), opens new tab $2.75 billion deal in May.

China is raising the bar!