Alibaba Group Holding Limited, the Chinese e-commerce giant listed on the New York Stock Exchange (NYSE: BABA) and the Hong Kong Stock Exchange (HKEX: 9988), has reported a significant share repurchase in its latest filing with the United States Securities and Exchange Commission. The filing, dated October 2, 2024, indicates that Alibaba repurchased a total of 414 million ordinary shares, equivalent to 52 million American Depositary Shares (ADSs), for a total cost of US$4.1 billion during the quarter ending September 30, 2024. The buyback occurred across both U.S. and Hong Kong markets as part of the company's ongoing share repurchase program. Following the repurchase, Alibaba's total outstanding shares decreased to 18,620 million ordinary shares, or 2,327 million ADSs, marking a 2.1% net reduction from the previous quarter. The company's share repurchase program, which is authorized through March 2027, still has a substantial budget of US$22.0 billion remaining as of the end of the reported quarter.

Alibaba Group Holding Limited, the Chinese e-commerce giant listed on the New York Stock Exchange (NYSE: BABA) and the Hong Kong Stock Exchange (HKEX: 9988), has reported a significant share repurchase in its latest filing with the United States Securities and Exchange Commission. The filing, dated October 2, 2024, indicates that Alibaba repurchased a total of 414 million ordinary shares, equivalent to 52 million American Depositary Shares (ADSs), for a total cost of US$4.1 billion during the quarter ending September 30, 2024. The buyback occurred across both U.S. and Hong Kong markets as part of the company's ongoing share repurchase program. Following the repurchase, Alibaba's total outstanding shares decreased to 18,620 million ordinary shares, or 2,327 million ADSs, marking a 2.1% net reduction from the previous quarter. The company's share repurchase program, which is authorized through March 2027, still has a substantial budget of US$22.0 billion remaining as of the end of the reported quarter.