101 views 3 secs 0 comments

Alibaba makes second biggest ever quarterly share repurchase worth $4.8 billion

In Technology
April 02, 2024

(Corrects headline and text to say buyback is second biggest, not the biggest)

(Reuters) – Chinese e-commerce giant Alibaba Group said it had bought back $4.8 billion worth of shares in the quarter ended March, its second highest ever since listing, a couple of months after boosting the stock buyback plan by $25 billion through March 2027.

(This story has been corrected to say that the share buyback is the second biggest, not the biggest, in the headline and paragraph 1)

(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Arun Koyyur)

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
whatsapp channel
Avatar
/ Published posts: 19553

The latest news from the News Agencies