Summary by Futu AI
From December 5 to 13, 2024, Alibaba Group repurchased a total of 13,005,592 shares of common stock over six consecutive trading days on the New York Stock Exchange, totaling approximately $0.143 billion. On December 13 alone, 911,600 shares were repurchased at an average price of $10.96. As of December 16, 2024, Alibaba's total issued shares remained at 19,080,551,940 shares. Since the shareholder meeting authorized the repurchase on August 22, 2024, the company has cumulatively repurchased 207,216,728 shares, accounting for 11.06% of the total authorized repurchase. According to regulations, Alibaba will suspend the issuance of new shares or the sale of treasury shares from this repurchase until January 12, 2025.