Summary by Futu AI
During the quarter ended March 31, 2024, Alibaba Group Holdings Limited repurchased a total of 5.24 million shares of common stock on the U.S. and Hong Kong markets through its share repurchase program, representing a total value of 6 million U.S. securities held at a total value of $48 billion. The quarterly repurchase portion is part of the Company's repurchase of 12.49 billion shares of common stock (equivalent to 1.56 million shares of U.S. depositary stock) for the fiscal year ended March 31, 2024 at a total price of $125 billion. As of March 31, 2024, the total number of ordinary shares outstanding was 194.69 billion shares, a decrease of 5.2 million shares compared to December 31, 2023, for a net decrease of 2.6%. For the full fiscal year, the Company had a net decrease of 10.57 million shares of ordinary shares through the share repurchase program, for a net decrease of 5.1%. Currently, the company still has $319 billion in repurchases under its board-authorized share repurchase program, which runs until March 2027.