Alibaba continues share repurchase program in June 2025

Alibaba Group Holding Limited (HKEX:9988) announced it repurchased 56 million ordinary shares, equivalent to 7 million ADSs, for a total of US$805 million during the quarter ended June 30, 2025. These purchases were made in the U.S. market. As of June 30, 2025, the total number of outstanding shares amounted to 18,554 million, equivalent to 2,319 million ADSs, representing a net increase of 80 million ordinary shares. The net increase reflects 136 million ESOP shares issued this quarter due to vesting of annual performance-based awards under the company's ESOP. The remaining authorization for share repurchases stands at US$19.3 billion as of June 30, 2025.