Alibaba provides repurchase update; has $11.7 bln remaining under share repurchase program as of Dec 31, 2023 (77.51)
- During the 12 months ended December 31, 2023, Alibaba repurchased a total of 897.9 mln ordinary shares (equivalent of 112.2 mln ADSs) for a total of US$9.5 bln, including the purchase of 292.7 mln ordinary shares (equivalent of 36.6 mln ADSs) for a total of US$2.9 bln during the quarter ended December 31, 2023. These purchases were made in both the U.S. and Hong Kong markets under our share repurchase program.
- The remaining amount of Board authorization for share repurchase program, which is effective through March 2025, was US$11.7 bln as of December 31, 2023. "Going forward, we will provide updates on our share repurchase immediately after the end of each quarter."