Battles in China’s 2016 tech market are won by capital, and Alibaba is gearing up to fight.

The Chinese tech behemoth announced the settlement of a $3 billion USD five-year loan to add fuel to their expansion both locally and abroad. According to an SEC regulatory filing on Wednesday the syndicated loan could even increase according to the company’s demands.

The company has ramped up investments across several major verticals in the beginning of 2016, including online banking, intellectual property, media and entertainment.

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Cate Cadell

Cate is a tech writer. She worked as a journalist in Australia, Mongolia and Myanmar. You can reach her (in Chinese or English) at: @catecadell or catecadell@technode.com