$BABA-W (09988.HK)$ Alibaba repurchased 0.414 billion shares...

Alibaba repurchased 0.414 billion shares, reducing the outstanding shares by 2.1%.
Alibaba announced today that as of the quarter ended September 30, 2024, the company had successfully repurchased a total of $4.1 billion in value of 0.414 billion common shares, equivalent to 52 million American depositary shares, the repurchase action spanned across the U.S. and Hong Kong markets, demonstrating the company's high confidence in long-term value.

After this repurchase, Alibaba's total outstanding common shares dropped to 18.62 billion shares (approximately 2.33 billion American depositary shares), a net decrease of 0.405 billion shares compared to the end of the previous quarter, a decrease of 2.1%. This change further solidifies the shareholding structure of the company's shareholders.

It is worth noting that, alibaba currently holds a buyback authorization of as high as $22 billion, and this limit is expected to be valid until March 2027, providing sufficient financial guarantees for possible market operations in the future, demonstrating the company's optimistic expectations for future development and market performance.