Summary by Moomoo AI
From December 19 to 20, 2024, Alibaba Group repurchased a total of 7,657,600 shares of common stock on the New York Stock Exchange for cancellation. Among them, 3,780,800 shares were repurchased on December 19 at an average price of $10.58; 3,876,800 shares were repurchased on December 20 at an average price of $10.32. A total of approximately $79.93 million was paid.As of December 23, 2024, the total number of issued shares of Alibaba remained unchanged at 19,063,630,788 shares. Since the approval of the buyback authorization at the shareholder meeting on August 22, 2024, the company has cumulatively repurchased 218,789,888 shares, accounting for 11.67% of the authorized buyback total. According to regulations, the company is not allowed to issue new shares or sell treasury shares within 30 days after this buyback, with the suspension period ending on January 19, 2025.
