Alibaba seeks $5 bln loan amid tech financing rush – Basis Point

An employee is seen behind a glass wall with the logo of Alibaba at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with banks to raise $5 billion in new funding, sources told Thomson Reuters’ Basis Point, amid a flurry of fund-raising by China’s tech giants.