Alibaba makes biggest ever quarterly share repurchase worth $4.8 bln-February 2024-www.financetom.com

Alibaba makes biggest ever quarterly share repurchase worth $4.8 bln

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Alibaba makes biggest ever quarterly share repurchase worth $4.8 bln

Apr 2, 2024 6:18 AM

April 2 (Reuters) - Chinese e-commerce giant Alibaba

Group ( BABA ) said it had bought back $4.8 billion worth of

shares in the quarter ended March, its highest ever since

listing, a couple of months after boosting the stock buyback

plan by $25 billion through March 2027.

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

Koyyur)

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