Alibaba makes second biggest ever quarterly share repurchase worth $4.8 billion
Reuters
Published Apr 02, 2024 09:01AM ET
Updated Apr 02, 2024 11:47AM ET
(Corrects headline and text to say buyback is second biggest, not the biggest)
(Reuters) - Chinese e-commerce giant Alibaba (NYSE:BABA) 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.
(This story has been corrected to say that the share buyback is the second biggest, not the biggest, in the headline and paragraph 1)
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