On July 4, Alibaba announced on the Hong Kong Stock Exchange that the total principal amount of the private equity offering is HK$12.023 billion, and the pricing of zero-interest exchangeable bonds due in 2032 will refer to Alibaba Health's common shares listed on the Hong Kong Stock Exchange. The bonds will be offered offshore to certain non-US persons outside the US. The bond issuance is expected to be completed on July 9, 2025, subject to customary delivery conditions. The initial exchange ratio of the bonds is approximately 160,513.6 shares of Alibaba Health shares for each HK$1,000,000 principal amount, which is equivalent to the initial exchange price of HK$6.23 per share of Alibaba Health shares. Based on the initial exchange price, and assuming that all of the bonds are exchanged for Alibaba Health shares, the initial exchange assets of the bonds will represent no more than 12% of Ali Health's issued share capital as of May 31, 2025.

On July 4, Alibaba announced on the Hong Kong Stock Exchange that the total principal amount of the private equity offering is HK$12.023 billion, and the pricing of zero-interest exchangeable bonds due in 2032 will refer to Alibaba Health's common shares listed on the Hong Kong Stock Exchange. The bonds will be offered offshore to certain non-US persons outside the US. The bond issuance is expected to be completed on July 9, 2025, subject to customary delivery conditions. The initial exchange ratio of the bonds is approximately 160,513.6 shares of Alibaba Health shares for each HK$1,000,000 principal amount, which is equivalent to the initial exchange price of HK$6.23 per share of Alibaba Health shares. Based on the initial exchange price, and assuming that all of the bonds are exchanged for Alibaba Health shares, the initial exchange assets of the bonds will represent no more than 12% of Ali Health's issued share capital as of May 31, 2025.