Summary by Futu AI
Alibaba Group conducted a large-scale share repurchase in December 2024, repurchasing and canceling a total of 69.4221 million ordinary shares, of which 63.4701 million shares have been completed for cancellation. As of December 31, 2024, the total number of shares issued by the company decreased from 1.912 billion shares to 1.905 billion shares.The company has vested 5.952 million restricted stock units granted under the Stock-based Incentive plan established after its 2014 listing. In addition, the 5 billion dollars convertible senior notes issued by the company in May 2024 have not yet been converted, and if fully converted, up to 0.506 billion ordinary shares could be issued. Alibaba also adopted a new 2024 Stock-based Incentive plan in August 2024, which can issue up to 0.481 billion ordinary shares.As of the end of December 2024, the company still has 7.5756 million shares repurchased but not yet canceled. Alibaba's share repurchase plan demonstrates its confidence in the company's value while attracting and retaining talent through its Stock-based Incentive plan.
