Summary by Moomoo AI
On December 6, 2024, alibaba announced in its report the repurchase and cancellation of 37,482,448 ordinary shares on the New York Stock Exchange from November 21 to December 4, 2024, accounting for 0.2% of the issued shares. The repurchase price per share was USD 10.67, reducing the total number of issued shares to 19,080,519,940 shares after the repurchase. The company also disclosed the repurchase of an additional 5,692,000 shares on December 5, 2024, not yet cancelled, at prices ranging from USD 10.49 to USD 10.63, with a total value of approximately USD 59,986,280.4. These repurchase actions comply with the relevant regulations of the Hong Kong Stock Exchange and are carried out within the company's repurchase authorization. In the future, the company will continue to repurchase shares according to market conditions to optimize its capital structure.