Assess Alibaba$$s business model and potential risks $($e$.$g$.,$ business, political, governance,

financial risks, etc.$)$

$2.$ What is a syndicated loan and how does it differ from a typical bond issue? Why does Alibaba$$s

debt structure contain substantial syndicated loans?

$3.$ Is it wise for Alibaba to raise funds internationally $($i$.$e$.,$ US market$)$ through bond issuance at

this specific timing? Or should it borrow domestically instead?

$4.$ What do you think should be the appropriate yields for Alibaba's bonds in $2014$ for different

maturities $($e$.$g$.,3-,5-,7-,$ and $10-$year$)?$ Support your answer.