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commerce
shāng yè
商业
·HSK 6

Apollo Global Management
Āpōluó
阿波罗
with / and
yǔ
与
Blackstone
Hēishí
黑石
to complete / to finalize
wánchéng
完成
$35 billion
350 yì měiyuán
350亿美元
debt / debt financing
zhàiwù
债务
financing / capital raising
róngzī
融资
in order to
yǐ
以
for
wéi
为
Anthropic (AI company)
Anthropic
Anthropic
to procure / to purchase
cǎigòu
采购
AI
AI
AI
chip / processor
xīnpiàn
芯片
。

Apollo Global Management
Āpōluó
阿波罗
with / and
yǔ
与
Blackstone
Hēishí
黑石
already
yǐ
已
to complete / to finalize
wánchéng
完成
a sum / one (measure word for transactions)
yī bǐ
一笔
in history / historically
shǐshàng
史上
largest in scale
guīmó zuìdà
规模最大
(structural particle)
de
的
private credit
sīmù xìndài
私募信贷
transaction / deal
jiāoyì
交易
one of
zhī yī
之一
，
for / in support of
wéi
为
Anthropic (AI company)
Anthropic
Anthropic
to lease / to rent for use
zūyòng
租用
Google
Gǔgē
谷歌
custom-made / customized
dìngzhì
定制
TPU (Tensor Processing Unit)
TPU
TPU
to provide
tígōng
提供
financing / funding
róngzī
融资
。

June 7, 2026 at 12:30 PM

Apollo Global Management
Āpōluó
阿波罗
with / and
yǔ
与
Blackstone
Hēishí
黑石
in / during
yú
于
early June
6 yuè chū
6月初
to complete / to finalize
wánchéng
完成
a sum / one transaction
yī bǐ
一笔
total amount
zǒng é
总额
reaching / amounting to
dá
达
$35 billion
350 yì měiyuán
350亿美元
(structural particle)
de
的
debt
zhàiwù
债务
financing / funding
róngzī
融资
，
for / in support of
wéi
为
Anthropic
Anthropic
Anthropic
to provide
tígōng
提供
AI
AI
AI
chip / processor
xīnpiàn
芯片
leasing / rental
zūlìn
租赁
financing
róngzī
融资
。
this / the aforementioned
gāi
该
financing
róngzī
融资
(passive marker)
bèi
被
to be regarded as
shìwéi
视为
to date / up to now
qìjīn
迄今
largest in scale
guīmó zuìdà
规模最大
(structural particle)
de
的
private credit
sīmù xìndài
私募信贷
transaction / deal
jiāoyì
交易
one of
zhī yī
之一
，
to reflect / to reveal
zhéshè chū
折射出
financial institutions
jīnróng jīgòu
金融机构
to compete to / to vie to
zhēngxiāng
争相
to position in / to invest in
bùjú
布局
AI
AI
AI
infrastructure
jīchǔ shèshī
基础设施
(structural particle)
de
的
competition
jìngzhēng
竞争
posture / situation
tàishì
态势
。
this / the aforementioned
gāi
该
transaction / deal
jiāoyì
交易
to adopt / to employ
cǎiyòng
采用
special-purpose vehicle (SPV)
tèshū mùdì gōngsī
特殊目的公司
structure
jiégòu
结构
：
by / through
yóu
由
the
gāi
该
company
gōngsī
公司
to take on debt
fùzhài
负债
to procure
cǎigòu
采购
Google
Gǔgē
谷歌
custom-made
dìngzhì
定制
TPU (Tensor Processing Unit)
TPU
TPU
chip
xīnpiàn
芯片
，
then / subsequently
zài
再
to then lease it
jiāng qí
将其
to lease
zūlìn
租赁
to / for
gěi
给
Anthropic
Anthropic
Anthropic
to use
shǐyòng
使用
。
debt
zhàiwù
债务
to divide / to split
fēn
分
three tranches
sān dàng
三档
to issue
fāxíng
发行
，
largest
zuìdà
最大
portion / part
bùfen
部分
to receive / to obtain
huòdé
获得
Broadcom
Bótōng
博通
endorsement / backing
bèishū
背书
；
the third tranche
dì sān dàng
第三档
totaling / altogether
gòng
共
$4.5 billion
45 yì měiyuán
45亿美元
，
without / lacking
wú
无
Broadcom
Bótōng
博通
guarantee / backing
dānbǎo
担保
，
coupon rate
piàomiàn lìlǜ
票面利率
as high as / reaching
gāodá
高达
8.5 percent
8.5%
8.5%
。
Apollo Global Management
Āpōluó
阿波罗
under its banner
qíxià
旗下
structured finance
jiégòuxìng róngzī
结构性融资
division / department
bùmén
部门
toward / to
xiàng
向
the / this
gāi
该
special-purpose vehicle (SPV)
tèshū mùdì gōngsī
特殊目的公司
to inject / to put in
zhùrù
注入
approximately
yuē
约
$800 million
8 yì měiyuán
8亿美元
equity
gǔquán
股权
，
in effect / in practice
shíjì shàng
实际上
to become
chéngwéi
成为
its
qí
其
owner / owning party
suǒyǒu fāng
所有方
。
this type of / such
cǐ lèi
此类
large-scale
dàguīmó
大规模
chip
xīnpiàn
芯片
financing
róngzī
融资
(structural particle)
de
的
to emerge in large numbers / to spring up
yǒngxiàn
涌现
，
to reflect / to reveal
zhéshè chū
折射出
AI
AI
AI
computing power
suànlì
算力
demand
xūqiú
需求
to continue / continuously
chíxù
持续
to expand / to balloon
péngzhàng
膨胀
while / yet
ér
而
traditional
chuántǒng
传统
financing
róngzī
融资
channel / avenue
qúdào
渠道
difficult to / hard to
nányǐ
难以
to meet / to satisfy
mǎnzú
满足
need / demand
xūyào
需要
(structural particle)
de
的
reality / current situation
xiànshí
现实
。

News in English

Business

Apollo and Blackstone Finalize 35 Billion Dollar Debt Package to Procure AI Chips for Anthropic

Apollo and Blackstone finalized one of the largest private credit transactions in history, a $35 billion debt package to finance the leasing of Google custom TPU chips for Anthropic.

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shàngshì
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róngjī
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Samsung (South Korean electronics company)
Sānxīng
三星
、
SK Hynix (South Korean memory chipmaker)
SK Hǎilìshì
SK海力士
and / together with
yǔ
与
Micron (US semiconductor company)
Měiguāng
美光
to race to / to vie in
jìngxiāng
竞相
to expand / to increase
kuòdà
扩大
AI / artificial intelligence
AI
AI
memory (computing)
nèicún
内存
chip / semiconductor chip
xīnpiàn
芯片
production capacity
chǎnnéng
产能
。

Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity

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Zhōngguó
中国
artificial intelligence
réngōng zhìnéng
人工智能
company
gōngsī
公司
MiniMax (Chinese AI company)
MiniMax
MiniMax
to complete
wánchéng
完成
$2 billion
èrshí yì měiyuán
二十亿美元
fundraising / financing
róngzī
融资
。

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Bǎishì Gōngsī
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earnings / performance
yèjī
业绩
lower than / below
dīyú
低于
expectation / forecast
yùqī
预期
，
the United States
Měiguó
美国
stock market
gǔshì
股市
slightly / marginally
xiǎofú
小幅
to rise / to increase
shàngzhǎng
上涨
。

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