Zhijing Finance APP news, alibaba-W (09988) announced that as of the quarter ended September 30, 2024, the group repurchased a total of 4.1 billion US dollars of ordinary shares, equivalent to 52 million American depositary shares. These repurchases were made in the U.S. and Hong Kong markets under the company's share repurchase plan.

As of September 30, 2024, the company had 18.62 billion shares of common stock outstanding (equivalent to 2.327 billion American depositary shares). Compared to June 30, 2024, there was a net decrease of 0.405 billion shares of common stock, a net decrease of 2.1% (after taking into account shares issued under the company's stock-based incentive plan).

As of September 30, 2024, the company still has a remaining repurchase amount of 22 billion U.S. dollars under the share repurchase plan authorized by the board of directors, with an expiration date of March 2027.