The increase – the second such move in less than a year – came as shares tumbled amid a flurry of global issues and following Beijing’s enhanced antitrust supervision over tech companies more than a year ago
BEIJING: E-commerce giant Alibaba Group Holding Ltd says it has expanded its share buyback programme to US$25bil (RM105bil) from US$15bil (RM63bil), as it emphasises “confidence in the company’s continued growth”.
The increase – the second such move in less than a year – came as shares tumbled amid a flurry of global issues and following Beijing’s enhanced antitrust supervision over tech companies more than a year ago.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
