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Appease investors concerned over its growth prospects
- The company had raised its share buyback plan by another $25 billion in a bid to appease investors concerned over its growth prospects as it faces new market rivals such as PDD (PDD.O).
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Jul 2, 2024 · As of June 30, 2024, we had 19,024 million ordinary shares (equivalent to 2,378 million ADSs) outstanding, a net decrease of 445 million ordinary shares compared to March 31, 2024, or a 2.3% net reduction in our outstanding shares after accounting for shares issued under our ESOP.
Alibaba International Digital Commerce Group's quarterly revenue jumps 44% YoY; Alibaba Group has upped its share buyback by $25 billion and scored early wins in its battle to attract buyers and merchants in the China commerce arena, the holding company said in its latest quarterly earnings report.
Feb 8, 2024 · SINGAPORE (AP) — Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected...
Mar 22, 2022 · Alibaba said on Tuesday it would increase its authorised share repurchases to $25bn from $15bn over the coming two years. The company has already repurchased $9.2bn of stock as part of the...
Apr 2, 2024 · Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its second biggest-ever repurchase after beefing up its...
Jul 2, 2024 · Shares of Alibaba Group Holding Ltd. rallied Tuesday, after the China-based e-commerce giant disclosed that it continued to increase stock repurchases as prices struggled to gain traction.
May 24, 2024 · Alibaba is raising $5bn from issuing convertible bonds, calling into question the Chinese ecommerce group’s ability to tap its huge cash piles to repurchase shares.
