-

Alibaba Group Upsizes Share Repurchase Program to US$10 Billion

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the “Company”) today announced that the Company’s board of directors has authorized to upsize the Company’s share repurchase program from US$6 billion to US$10 billion (the “Share Repurchase Program”). This Share Repurchase Program will be effective for a two-year period through the end of 2022. The Company commenced the execution of its Share Repurchase Program this quarter.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts for 102 years.

Contacts

Investor Contact
Rob Lin
Investor Relations
Alibaba Group Holding Limited
investor@alibabagroup.com

Industry:

Alibaba Group Holding Limited

NYSE:BABA
Release Summary
Alibaba Group to upsize share repurchase program to US$10 billion
Release Versions
English

Contacts

Investor Contact
Rob Lin
Investor Relations
Alibaba Group Holding Limited
investor@alibabagroup.com

More News From Alibaba Group Holding Limited

Alibaba Group Will Announce June Quarter 2024 Results on August 15, 2024

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba” or “Alibaba Group”) today announced that it will report its unaudited financial results for the quarter ended June 30, 2024 before the U.S. market opens on Thursday, August 15, 2024, and will hold a conference call to discuss the financial results at 7:30 a.m. U.S. Eastern Time (7:30 p.m. Hong Kong Time) the same day. All participants must pre-register to j...

Alibaba Group Announces Completion of US$5 Billion Offering of Convertible Senior Notes

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced the completion of its private offering of US$5 billion aggregate principal amount of 0.50% Convertible Senior Notes due 2031 (the “Notes”), which amount includes the exercise in full by the initial purchasers of their option to purchase an additional US$500 million aggregate principal amount of the Notes (t...

Alibaba Group Prices US$4,500 Million Offering of Convertible Senior Notes

HANGZHOU, China--(BUSINESS WIRE)--Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988 (HKD Counter) and 89988 (RMB Counter), “Alibaba,” “Alibaba Group” or the “Company”) today announced the pricing of its private offering of US$4,500 million aggregate principal amount of 0.50% Convertible Senior Notes due 2031 (the “Notes”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”) and to cer...
Back to Newsroom
  1. There was an issue with the authorization server. Please contact support if the issue persists.