Summary by Moomoo AI
Alibaba Group conducted a large-scale share buyback in December 2024, repurchasing and canceling a total of 69.4221 million common shares, of which 63.4701 million shares have been completed for cancellation. As of December 31, 2024, the total number of shares issued by the company decreased from 1.912 billion shares to 1.905 billion shares.The company has vested 5.952 million restricted stock units granted under the equity incentive plan after its listing in 2014. Additionally, the $5 billion convertible preferred notes issued in May 2024 have not yet been converted, and if fully converted, could issue up to 0.506 billion common shares. Alibaba also adopted a new equity incentive plan in August 2024, allowing for the issuance of up to 0.481 billion common shares.As of the end of December 2024, the company still has 7.5756 million shares that have been repurchased but not yet canceled. Alibaba's share buyback plan demonstrates its confidence in the company's value while attracting and retaining talent through the stock-based incentive plan.
