Alibaba Group increases share repurchase programme to $10 billion

(Reuters) - 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 https://bwnews.pr/38IF0r7 late on Sunday.

Reuters December 28, 2020 07:05:39 IST
Alibaba Group increases share repurchase programme to $10 billion

Alibaba Group increases share repurchase programme to 10 billion

(Reuters) - 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 https://bwnews.pr/38IF0r7 late on Sunday.

(Reporting by Kanishka Singh in Bengaluru; Editing by Tom Hogue)

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