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Officials say the real estate market is bottoming out. What’s your view on China's property market?
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Repurchase Program

$BABA-W (09988.HK)$ $Alibaba (BABA.US)$ Observations on Alibaba shares repurchase over the past month (all numbers in USD; data based on HKEX filings):
1. Price in (ADR) vs Daily Amount:
Below $80: $80M / day
$80 - $85: $60M / day
$85-$90: $40M / day
Above $90: $20M / day
2. Total repurchase amount:
$1.18B / month; ~0.59% shares outstanding
approximately 7% per year
Repurchase Program
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