Alibaba ( (BABA) ) has shared an announcement.
Alibaba Group announced that during the quarter ending December 31, 2024, it repurchased a total of 119 million ordinary shares equivalent to 15 million ADSs, costing $1.3 billion under its share repurchase program. This initiative resulted in a net decrease of 103 million ordinary shares, reflecting a 0.6% reduction in outstanding shares, demonstrating Alibaba’s commitment to enhancing shareholder value. The company’s share repurchase program remains active with $20.7 billion authorized for future repurchases through March 2027, which could further impact its stock market positioning and stakeholder interests.
More about Alibaba
Alibaba Group Holding Limited is a major player in the e-commerce and technology industry, providing a broad range of services including online retail, cloud computing, digital media, and entertainment. It operates various platforms such as Taobao and Tmall, and is a key player in China’s digital economy.
Average Trading Volume: 16,540,544
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $202B
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