Goldman Sachs to lend US$500m to Alibaba ahead of expected IPO

The New York-based investment bank pledged funds to the facility for China's biggest e-commerce company, proceeds of which would partly be used to refinance debt at a lower cost, the people said on Tuesday, asking not to be identified because the details are private. Alibaba has set tomorrow as response deadline for banks.

via Business feed http://www.scmp.com/business/companies/article/1254144/goldman-sachs-lend-us500m-alibaba-ahead-expected-ipo