Summary by Futu AI
Alibaba Group announced on December 31, 2024, that it has canceled 15,018,504 shares of common stock previously repurchased on the NYSE. These shares were purchased between December 19 and 27, 2024, at an average price of $10.52, representing 0.08% of the company's then-issued shares.In addition, the company repurchased an additional 3,805,176 shares of common stock on the NYSE on December 30, 2024, at an average price of $10.51, representing 0.02% of the total issued shares. This batch of newly repurchased shares has not yet been canceled. As of December 31, 2024, Alibaba's total issued shares amount to 19,054,532,284 shares.Since the shareholder meeting on August 22, 2024, approved the share repurchase plan, the company has repurchased a total of 229,955,968 shares, accounting for 12.27% of the authorized repurchase total. According to regulations, Alibaba is not allowed to issue new shares or sell treasury shares during the period following this repurchase until January 29, 2025.