Alibaba secures $3B loan to finance more investments and acquisitions

Alibaba It looks like Alibaba is in the mood for more acquisitions. The company’s recent investment spree — which includes the ongoing $ 3.5 billion purchase of Youku Tudou and new stakes in Groupon, PayTM and Snapdeal — is about to get fresh ammunition after Alibaba confirmed it has closed a $ 3 billion loan. Read More