Business Today
Loading...

Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion from $6 billion

twitter-logoReuters | December 28, 2020 | Updated 08:51 IST
Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion from $6 billion.

"This Share Repurchase Program will be effective for a two-year period through the end of 2022," Alibaba said in a statement late on Sunday.

Also read: Bitcoin sprints over $27,000 mark; rises over $2,500 in 2 days

  • Print
  • COMMENT
BT-Story-Page-B.gif
A    A   A
close