alibaba announced: repurchasing a total of 414 million common shares for a total price of us$4.1 billion
2024-10-03
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chao news client reporter zhu yao
on october 2, alibaba announced 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 u.s. depositary shares) at a total price of us$4.1 billion. stock holdings). these repurchases were conducted in the u.s. market and the hong kong market under the company's share repurchase program.
as of september 30, 2024, the company's outstanding ordinary shares were 18.620 billion shares (equivalent to 2.327 billion american depositary shares). compared with june 30, 2024, there was a net decrease of 405 million ordinary shares, a net decrease of 2.1% (after including the shares issued by alibaba under the equity incentive plan). 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.
alibaba continues to accelerate buybacks. according to the results announced by alibaba group for the first quarter of fiscal year 2025 (second quarter of 2024, the natural year), the company continues to repurchase and has invested us$5.8 billion to repurchase 613 million ordinary shares this quarter.
according to statistics, in the fiscal year ending march 31, 2024, alibaba repurchased a total of 1.249 billion ordinary shares (equivalent to 156 million american depositary shares) for us$12.5 billion. investing nearly 100 billion yuan in buybacks a year means that alibaba has become the chinese internet company with the largest buyback efforts in the past fiscal year.
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