Summary by Moomoo AI
Alibaba executed a significant share repurchase program in Q3 2024, buying back 414 million ordinary shares (equivalent to 52 million ADSs) for US$4.1 billion across U.S. and Hong Kong markets.The company's outstanding shares decreased to 18,620 million ordinary shares (2,327 million ADSs) as of September 30, 2024, representing a net reduction of 405 million shares or 2.1% compared to June 30, 2024, after accounting for ESOP issuances.The share repurchase program continues with US$22.0 billion remaining authorization through March 2027, following consistent quarterly buybacks ranging from US$1.7 billion to US$5.8 billion over the past eight quarters.
