news

financial associated press, october 2,alibabaan announcement was made on the hong kong stock exchange that during the quarter ending september 30, 2024, the company repurchased a total of 414 million ordinary shares (equivalent to 52 million american depositary shares) for a total price of us$4.1 billion.

these repurchases were conducted in the u.s. market and the hong kong market under the company's share repurchase program.

there is still a repurchase quota of us$22 billion under the share repurchase plan authorized by the board of directors, which is valid until march 2027.