Alibaba Group has executed its largest quarterly share repurchase, buying back $4.8 billion worth of shares in the quarter ended March. This buyback is part of a larger plan, with Alibaba having spent a total of $12.5 billion on share buybacks over the last year. The company still has $32 billion allocated for future buybacks under its current plan, aiming to boost returns. The buybacks were conducted in both Hong Kong and New York, with Alibaba's stock symbol being $BABA.
🇨🇳 Alibaba Ramps Up Share Buybacks https://t.co/zpXi5FEYab
ALIBABA STEPS UP STOCK BUY-BACK IN HONG KONG, NEW YORK TO BOOST RETURNS-SCMP
Alibaba Repurchased $4.8 Billion of Shares in March Quarter https://t.co/FMzytArNUS
Alibaba makes biggest ever quarterly share repurchase worth $4.8 bln https://t.co/KCy3invBXT https://t.co/KloRgXbSRv
ALIBABA SAYS IT SPENT $4.8 BILLION DOLLARS ON SHARE BUYBACKS IN Q1 OF THIS YEAR BRING THE TOTAL TO $12.5 BILLION FOR THE LAST 1 YEAR ALIBABA STILL HAS $32 BILLION DOLLARS LEFT IN ITS CURRENT BUYBACK PLAN $BABA https://t.co/ALUV9PbVi7
⚠️ ALIBABA MAKES BIGGEST EVER QUARTERLY SHARE REPURCHASE WORTH $4.8 BILLION Full Story → https://t.co/NwkbmnKz9v Chinese e-commerce giant Alibaba Group said it had bought back $4.8 billion worth of shares in the quarter ended March, its highest ever since listing, a couple of…