Summary by Futu AI
Alibaba Group purchased shares on the New York Stock Exchange for eight consecutive trading days from December 5 to December 17, 2024. A total of 14,852,792 shares were repurchased for approximately 99.91 million USD. The repurchase price range was between 10.54 USD and 11.22 USD per share.This repurchase accounted for 0.05% of the company's total issued shares. As of December 18, 2024, Alibaba's total issued shares remained at 19,080,551,940 shares. The company stated that this repurchase was conducted based on the repurchase authorization approved at the shareholder meeting on August 22, 2024, with an authorized repurchase cap of 1,874,327,393 shares.Since the implementation of the repurchase plan, Alibaba has cumulatively repurchased 209,063,928 shares, accounting for 11.15% of the authorized repurchase cap. According to relevant regulations, the company is prohibited from issuing new shares or selling treasury shares within 30 days after this repurchase (i.e., before January 16, 2025).