Alibaba Group Holding Ltd. (NYSE: BABA) is leveraging its recent performance to negotiate better terms of an existing $4 billion U.S. loan, according to Bloomberg. Alibaba owns c-to-c marketplaces Taobao and Xianyu.

The e-commerce giant wants to cut the interest margin of a loan signed in May 2016 to a level lower than outstanding loans of peers Tencent Holdings Ltd. and Baidu Inc. The $4 billion U.S. syndicated loan was originally due to mature in 2021. Alibaba also has a $5.15 billion U.S. syndicated loan due in 2022.

China’s big technology groups have been using their stronger credit profiles to cut loan costs as lenders grow cautious on weaker companies in the wake of soaring defaults in China. Tencent also pushed down its loan margins recently, as has shoe retailer Belle International Holdings Ltd.

Alibaba beat expectations in Q3 2018, bucking national trends, as at least 20 Chinese companies warned investors that full-year earnings would lag expectations. Revenue growth, however, did fall to the lowest rate in two years.

MAUs across Alibaba’s c-to-c and b-to-c marketplaces — Taobao/Xianyu and TMall — reached 699 million in December. The company’s recent upgrade to the Taobao app was cited as a key reason for sustained growth. The new app format incorporates a personalized feed, pushing products that it thinks users will likely purchase based on their history.

Alibaba CEO Daniel Zhang told analysts that new initiatives, as well as global expansion, should help offset the impact of an economic slowdown. “China’s economy is facing some uncertainty, but we do see opportunities,” Zhang told analysts on a conference call. “One of the key regions we will stay focused on in the near term is Southeast Asia.”

Additional reporting: Bloomberg

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