Summary by Moomoo AI
From December 30, 2024 to January 6, 2025, Alibaba Group repurchased a total of 13,216,944 shares of common stock over five consecutive trading days on the New York Stock Exchange, with a total value of approximately $0.14 billion. On January 6, 928,800 shares were repurchased at a price range of $10.65 to $10.92 per share, with total expenditures of about $9.99 million. As of January 7, 2025, Alibaba's total number of issued shares remained unchanged at 19,054,532,284 shares. Since the approval of the repurchase plan by the Shareholders' Meeting on August 22, 2024, the company has cumulatively repurchased 239,367,736 shares, accounting for 1.28% of the total issued shares at that time. According to the authorization, Alibaba can repurchase up to 1,874,327,393 shares. The company will suspend the issuance of new shares or the sale of treasury shares within 30 days after this repurchase (that is, before February 5, 2025). This repurchase reflects Alibaba's confidence in the long-term value of the company and may help enhance earnings per share.
