Internet giants issue low-interest bonds totaling over 10 billion yuan to secure "grain and grass" for AI competition.

The stock prices are rising happily, and the issuance of bonds doesn't stop. Recently, internet platform companies' stocks have been favored by funds. Tencent Holdings' stock price climbed to 664.50 Hong Kong dollars on September 18, reaching a new high since March 2021, with the historical peak within reach. The stock prices of internet companies such as Alibaba and Baidu have also been climbing, setting new highs in the process. Behind the capital frenzy is the increasing investment of internet giants in the field of AI. Meanwhile, since September this year, internet companies such as Tencent Holdings, Baidu, and Alibaba have been increasing their bond financing efforts, intensifying their AI investment layouts. Interviewees believe that most internet companies, despite having sufficient cash, are engaging in bond financing to optimize their debt structures, lock in low interest rates strategically, increase investments in AI infrastructure, and prepare ammunition for long-term business development.