Summary by Moomoo AI
From December 5 to December 12, 2024, Alibaba Group repurchased a total of 12,093,992 shares of common stock over five consecutive trading days on the New York Stock Exchange, with a total value of approximately 0.118 billion USD. On December 12, 895,600 shares were repurchased at an average price of 11.16 USD. As of December 13, 2024, Alibaba's total issued shares remained unchanged at 19,080,551,940 shares. Since the authorization for repurchase was approved at the shareholder meeting on August 22, 2024, the company has cumulatively repurchased 206,305,128 shares, accounting for 11% of the authorized total. According to regulations, Alibaba is prohibited from issuing new shares or selling treasury stock from this repurchase until January 11, 2025.
