Summary by Moomoo AI
Alibaba Group repurchased a total of 7,575,568 shares of common stock on December 30 and 31, 2024, on the New York Stock Exchange for cancellation. On December 30, 3,805,176 shares were repurchased at an average price of $10.51; on December 31, 3,770,392 shares were repurchased at an average price of $10.61. The total repurchase amount over the two days was approximately $79.98 million.As of January 2, 2025, Alibaba's total issued shares remain unchanged at 19,054,532,284 shares. Since the authorization for repurchase was approved at the shareholders meeting on August 22, 2024, the company has repurchased a total of 233,726,360 shares, accounting for 12.47% of the authorized repurchase total. According to regulations, Alibaba is prohibited from issuing new shares or selling treasury shares until January 30, 2025, following this repurchase.