Alibaba announces $0.6bn share repurchase in latest quarter
Alibaba Group Holding Limited (HKEX: 9988) announced it repurchased 51 million ordinary shares (equivalent to 6 million ADSs) for US$0.6 billion during the quarter ended March 31, 2025. These purchases were made in the U.S. market. For the full fiscal year ended March 31, 2025, the company repurchased a total of 1,197 million ordinary shares (equivalent to 150 million ADSs) for US$11.9 billion, conducted in both the U.S. and Hong Kong markets. As of March 31, 2025, Alibaba had 18,474 million ordinary shares outstanding (equivalent to 2,309 million ADSs). The repurchase program resulted in a net decrease of 995 million ordinary shares, or a 5.1% net reduction, after accounting for shares issued under ESOP for the full fiscal year. The company’s remaining Board authorization for share repurchases totals US$20.1 billion and is effective through March 2027.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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