“Goldman Sachs Group Inc. will lend $500 million to Alibaba Group Holding Ltd. as the company seeks $8 billion of loans, two people familiar with the matter said.
The pledge by the New York-based bank forms part of a facility that will cut debt costs forChina’s biggest e-commerce company, the people said yesterday, asking not to be identified because the details are private. Edward Naylor, a spokesman for Goldman Sachs in Hong Kong, declined to comment….”
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