Alibaba Group Upsizes Share Repurchase Program to US$10 Billion
December 27 2020 - 7:00PM
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20201227005014/en/
Investor Contact Rob Lin Investor Relations Alibaba Group
Holding Limited investor@alibabagroup.com
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