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Alibaba group holding ltd., tencent holdings ltd China's tech titans—baidu, alibaba, and tencent (collectively known as bat)—are dramatically scaling up investments in artificial intelligence (ai) and capex, signaling aggressive. Have led the flurry of bond issuances, procuring more than $5 billion in september alone.

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Tencent and baidu sold $3.3b combined in offshore bonds this year, the most ever for chinese tech companies, as companies secure cheap. Baidu (bidu) last week issued rmb 4.4 billion ($618 million) in bonds that mature in 2029. The tech giant will issue three tranches of dim sum bonds with maturities of five, 10, and 30 years

Tencent named a syndicate of banks, including bank of china and jpmorgan as.

Chinese tech bond issuance tencent and baidu have collectively issued $3.3 billion in offshore bonds this year This marks the highest amount ever for chinese technology companies. Tech rivals step up bond sales tencent’s move comes as its peers also raise new funds