Summary by Moomoo AI
On December 5, 2024, alibaba submitted its next day disclosure report, detailing its share buyback activities conducted on the New York Stock Exchange. From November 21 to December 4, 2024, alibaba repurchased over 37 million shares, at a price between usd 10.38 and usd 10.87 per share. These shares have not yet been canceled, and the buyback activity complies with the relevant regulations of the Hong Kong Stock Exchange. As of December 5, 2024, the total number of issued shares of alibaba remains unchanged at 19,118,002,388 shares. The main purpose of the buyback activity is to cancel shares, and it has not caused any change in the number of issued shares. The company confirms that all buyback activities were conducted in accordance with local and Hong Kong listing rules. Looking ahead, alibaba will continue to repurchase shares under the buyback authorization, with a total authorization of 1,874,327,393 shares, representing 1.04% of the issued shares. The company will suspend any new share issuance or inventory share sale plans before January 3, 2025.