The undated photo shows an Alibaba logo outside one major branch of the Internet giant. [Photo: donews.com]

It is being reported Alibaba is in talks with several banks to borrow up to 4 billion US dollars for future expansion plans, including acquisitions.

Reports suggest the massive bank loans could be finalized next month.

Alibaba has not commented on the reports.

The Chinese internet giant has been expanding in many areas such as online video and local services.

In August, Alibaba announced it planned to spend 4.5 billion US dollars to purchase a 20-percent stake in Chinese electronics retailer Suning.

It November, the company also revealed plans to turn its Youku Tudou division into a wholly-owned unit.