China tech giants line up for billion dollar funding splurge
Leading Chinese technology firms including Alibaba Group Holdings, its affiliate Ant Financial and Tencent have swept into the loan market and are said to be seeking a collective $13bn-$14bn. Given their acquisitive tendencies, their latest fundraisings have found strong support from relationship lenders, despite political risks surrounding some of the targets, writes Shruti Chaturvedi.
Loans bankers lamenting a slow start to 2017 no longer have cause for worry — in terms of volumes at least — as three tech behemoths are hunting for funds running into several billion dollars each, said several bankers.
Their core groups of relationship lenders are once again
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