Summary by Moomoo AI
Alibaba Group repurchased shares on the New York Stock Exchange for eight consecutive trading days from December 5, 2024, to December 17, 2024. A total of 14,852,792 shares were repurchased, amounting to approximately $99.91 million. The repurchase price ranged from $10.54 to $11.22 per share.This repurchase accounts for 0.05% of the company's total issued shares. As of December 18, 2024, Alibaba's total issued shares remained at 19,080,551,940 shares. The company stated that this repurchase was conducted under the repurchase authorization approved at the Shareholder meeting on August 22, 2024, with an authorized repurchase limit of 1,874,327,393 shares.Since the implementation of the repurchase plan, Alibaba has cumulatively repurchased 209,063,928 shares, accounting for 11.15% of the authorized repurchase limit. According to relevant regulations, the company is prohibited from issuing new shares or selling treasury shares within 30 days after this repurchase (i.e., before January 16, 2025).
