One-way journey of AI and offshore renminbi: technology giants issue dim sum bonds in clusters

Dim sum bonds are becoming an important choice for domestic technology companies to raise funds overseas. Recently, companies like Tencent, Baidu, and Meituan have issued or planned to issue offshore Renminbi bonds, which not only can meet the huge capital expenditure needs for AI and cloud computing at a lower cost, but also inject new vitality into the offshore Renminbi market. Industry insiders say that this trend may reshape the financing landscape for technology companies, accelerate the internationalization of the Renminbi, and enrich the supply of Renminbi assets.