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Alibaba Group increases share repurchase programme to $10 billion

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

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.

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Published on: Dec 28, 2020, 8:31 AM IST
Posted by: intern five, Dec 28, 2020, 8:31 AM IST