![[MISSING IMAGE: lg_alibabagroup-4c.jpg]](https://www.sec.gov/Archives/edgar/data/0001577552/000110465925087355/lg_alibabagroup-4c.jpg)
4.875% Senior Notes due 2030
5.250% Senior Notes due 2035
5.625% Senior Notes due 2054
4.875% Senior Notes due 2030
5.250% Senior Notes due 2035
5.625% Senior Notes due 2054
Which Have Been Registered Under the Securities Act of 1933
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Offer
Procedures
CUSIP: 01609W BM3
ISIN: US01609WBM38
CUSIP: 01609W BP6
ISIN: US01609WBP68
CUSIP: 01609W BQ4
ISIN: US01609WBQ42
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As of March 31, 2025
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Actual
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As Adjusted
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RMB
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US$
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RMB
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US$
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(in millions, except share and per share data)
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Cash and cash equivalents
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| | | | 145,487 | | | | | | 20,049 | | | | | | 156,569 | | | | | | 21,576 | | |
Short-term investments
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| | | | 228,826 | | | | | | 31,533 | | | | | | 228,826 | | | | | | 31,533 | | |
Short-term debt: | | | | | | | | | | | | | | | | | | | | | | | | | |
Current bank borrowings
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| | | | 22,562 | | | | | | 3,109 | | | | | | 22,562 | | | | | | 3,109 | | |
Total short-term debt
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| | | | 22,562 | | | | | | 3,109 | | | | | | 22,562 | | | | | | 3,109 | | |
Long-term debt: | | | | | | | | | | | | | | | | | | | | | | | | | |
Non-current bank borrowings
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| | | | 49,909 | | | | | | 6,878 | | | | | | 49,909 | | | | | | 6,878 | | |
Non-current unsecured senior notes
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| | | | 122,398 | | | | | | 16,867 | | | | | | 122,398 | | | | | | 16,867 | | |
Non-current convertible unsecured senior notes
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| | | | 35,834 | | | | | | 4,938 | | | | | | 35,834 | | | | | | 4,938 | | |
Non-current exchangeable unsecured senior notes
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| | | | — | | | | | | — | | | | | | 11,214 | | | | | | 1,545 | | |
Total long-term debt
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| | | | 208,141 | | | | | | 28,683 | | | | | | 219,355 | | | | | | 30,228 | | |
Total mezzanine equity
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| | | | 11,713 | | | | | | 1,613 | | | | | | 11,713 | | | | | | 1,613 | | |
Shareholders’ equity: | | | | | | | | | | | | | | | | | | | | | | | | | |
Ordinary shares (US$0.000003125 par value; 32,000,000,000 shares authorized, 18,474,235,708 shares issued and outstanding as of March 31, 2025)
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| | | | 1 | | | | | | — | | | | | | 1 | | | | | | — | | |
Additional paid-in capital
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| | | | 381,379 | | | | | | 52,555 | | | | | | 381,379 | | | | | | 52,555 | | |
Treasury shares, at cost
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| | | | (36,329) | | | | | | (5,006) | | | | | | (36,329) | | | | | | (5,006) | | |
Statutory reserves
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| | | | 15,936 | | | | | | 2,196 | | | | | | 15,936 | | | | | | 2,196 | | |
Accumulated other comprehensive income
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| | | | 3,393 | | | | | | 468 | | | | | | 3,393 | | | | | | 468 | | |
Retained earnings
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| | | | 645,478 | | | | | | 88,949 | | | | | | 645,346 | | | | | | 88,931 | | |
Total shareholders’ equity
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| | | | 1,009,858 | | | | | | 139,162 | | | | | | 1,009,726 | | | | | | 139,144 | | |
Total capitalization(1)
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| | | | 1,229,712 | | | | | | 169,458 | | | | | | 1,240,794 | | | | | | 170,985 | | |
Citibank, N.A.
P.O. Box 219287
Kansas City, MO 64121-9287
Ref: Alibaba Exchange Offer
Citibank, N.A.
801 Pennsylvania Ave, Suite 219287
Kansas City, MO 64105-1307
Ref: Alibaba Exchange Offer
(For Eligible Institutions Only)
(816) 374-7427
(By Telephone Only)
(844) 460-9413
26/F Tower One, Times Square
1 Matheson Street, Causeway Bay
Hong Kong
Telephone: +852 2215-5100
Fax: +852 2215-5200