Summary by Futu AI
On December 30 and 31, 2024, Alibaba Group repurchased a total of 7,575,568 shares of common stock on the New York Stock Exchange for cancellation. On December 30, 3,805,176 shares were repurchased at an average price of $10.51; on December 31, 3,770,392 shares were repurchased at an average price of $10.61. The total amount repurchased over the two days is approximately $79.98 million.As of January 2, 2025, Alibaba's total issued shares remain unchanged at 19,054,532,284 shares. Since the repurchase authorization was approved at the shareholder meeting on August 22, 2024, the company has cumulatively repurchased 233,726,360 shares, accounting for 12.47% of the total authorized repurchase. According to regulations, Alibaba is prohibited from issuing new shares or selling treasury stock after this repurchase until January 30, 2025.