Alibaba makes second biggest ever quarterly share repurchase worth $4.8b

Alibaba makes second biggest ever quarterly share repurchase worth $4.8b

FILE PHOTO: Shopping trolley is seen in front of Alibaba logo in this illustration, July 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Chinese e-commerce giant Alibaba Group said it had bought back $4.8 billion worth of shares in the quarter ended March, its second highest ever since listing, a couple of months after boosting the stock buyback plan by $25 billion through March 2027.

Reuters

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