Alibaba continues share repurchase program in March 2025

Alibaba Group Holding (HKEX:9988) disclosed that it repurchased 579,200 of its ordinary shares on March 13, 2025, on the New York Stock Exchange at prices ranging from $16.86 to $17.50 per share, totaling $9,997,411.92. These shares are intended for cancellation. As of March 14, 2025, the closing balance of issued shares stood at 19,008,233,516. The company has repurchased 279,451,064 shares under its current repurchase mandate, representing approximately 1.49% of the issued shares as of the date the mandate was granted (August 22, 2024). Alibaba is subject to a moratorium on new share issuances or treasury share sales until April 12, 2025.