{"id":405656,"date":"2020-12-27T19:03:35","date_gmt":"2020-12-28T00:03:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405656"},"modified":"2020-12-27T19:03:35","modified_gmt":"2020-12-28T00:03:35","slug":"alibaba-group-upsizes-share-repurchase-program-to-us10-billion","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-upsizes-share-repurchase-program-to-us10-billion\/","title":{"rendered":"Alibaba Group Upsizes Share Repurchase Program to US$10 Billion"},"content":{"rendered":"

<\/p>\n

Alibaba Group Upsizes Share Repurchase Program to US$10 Billion<\/b><\/p>\n

HANGZHOU, China–(BUSINESS WIRE<\/a>)–
\nAlibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the \u201cCompany\u201d) today announced that the Company\u2019s board of directors has authorized to upsize the Company\u2019s share repurchase program from US$6 billion to US$10 billion (the \u201cShare Repurchase Program\u201d). 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.\n<\/p>\n

About Alibaba Group<\/b><\/p>\n

\nAlibaba Group\u2019s 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.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201227005014\/en\/<\/a><\/span><\/p>\n

Investor Contact
\n<\/b>
Rob Lin
\n
Investor Relations
\n
Alibaba Group Holding Limited
\n
investor@alibabagroup.com<\/a><\/p>\n

KEYWORDS:<\/b> China Asia Pacific<\/p>\n

INDUSTRY KEYWORDS:<\/b> Internet Online Retail Retail Data Management Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Alibaba Group Upsizes Share Repurchase Program to US$10 Billion HANGZHOU, China–(BUSINESS WIRE)– Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the \u201cCompany\u201d) today announced that the Company\u2019s board of directors has authorized to upsize the Company\u2019s share repurchase program from US$6 billion to US$10 billion (the \u201cShare Repurchase Program\u201d). 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\u2019s 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 … <\/p>\n

Continue reading “Alibaba Group Upsizes Share Repurchase Program to US$10 Billion”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405656","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAlibaba Group Upsizes Share Repurchase Program to US$10 Billion - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/alibaba-group-upsizes-share-repurchase-program-to-us10-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba Group Upsizes Share Repurchase Program to US$10 Billion - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Alibaba Group Upsizes Share Repurchase Program to US$10 Billion HANGZHOU, China–(BUSINESS WIRE)– Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the \u201cCompany\u201d) today announced that the Company\u2019s board of directors has authorized to upsize the Company\u2019s share repurchase program from US$6 billion to US$10 billion (the \u201cShare Repurchase Program\u201d). 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\u2019s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. 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