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.
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