Alibaba in talks with several banks for up to $4 billion loan: WSJ

(Reuters) - Chinese e-commerce giant Alibaba Group Holding Ltd is in talks with several banks to borrow up to $4 billion to fund expansion plans, including acquisitions, the Wall Street Journal reported on Friday, citing people familiar with the matter. The loan is expected to be finalized next month, one of the people told the Journal. Alibaba has also been expanding in other areas such as online video and local services as volume growth in core online shopping business slows.