On January 2, Glonghui reported that Alibaba-W (09988.HK) announced that during the quarter ending December 31, 2024, the company repurchased a total of 0.119 billion shares of common stock at a total price of 1.3 billion USD (equivalent to 15 million American depositary shares). These repurchases were conducted on the US market under the company's stock buyback plan.

As of December 31, 2024, the company had 18.517 billion shares of common stock outstanding (equivalent to 2.315 billion American depositary shares). Compared to September 30, 2024, there was a net decrease of 0.103 billion shares of common stock, with a net decrease ratio of 0.6% (after accounting for shares issued under the Stock-based Incentive plan).

As of December 31, 2024, the company still had a buyback capacity of 20.7 billion USD under the Board of Directors authorized stock buyback plan, valid until March 2027.