Summary by Moomoo AI
On December 18, 2024, Alibaba Group repurchased 2,068,360 shares of common stock on the NYSE at an average price of $10.68, with a total value of approximately $22.09 million. This batch of shares is intended for cancellation, but as of the report date, it has not been completed.From December 5 to 18, 2024, the company has repurchased a total of 16,921,152 shares on the NYSE, accounting for 0.09% of the issued shares. As of December 19, Alibaba's total issued shares remain unchanged at 19,080,551,940 shares.According to the share repurchase authorization approved on August 22, 2024, the company can repurchase up to 1,874,327,393 shares. To date, 211,132,288 shares have been repurchased, representing 11.26% of the authorized total. According to regulations, the company is prohibited from issuing new shares or selling treasury shares within 30 days after this repurchase (i.e., before January 17, 2025).