Alibaba shares Price rise 11%

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The world's largest e-commerce company Alibaba on Tuesday announced to increase its share buyback amount from $15 billion to $25 billion.

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Alibaba said on Tuesday that its share buyback scheme will be effective for the next two years i.e. Mart 2024.

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Shares of Alibaba Group Holding Limited listed in Hong Kong's stock market closed at 110.20 Hong Kong dollar on Tuesday with a jump of 11.20 percent.

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Reasons for Alibaba's share buyback

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China's ruling Communist Party has initiated several regulatory actions against Alibaba. Due to this Alibaba has to face scrutiny at many levels.

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Alibaba's stock price has fallen by more than half since the regulatory action. Alibaba's US-traded stock fell 56 percent.

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The company said that the increase in the share buyback amount is a sign of confidence in the company's continued growth.

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Alibaba's deputy chief financial officer Toby Zhu said in a statement that Alibaba intends to increase investor confidence in the company through share buybacks.

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Shares of Alibaba Group Holding Limited listed in Hong Kong's stock market closed at 110.20 Hong Kong dollar on Tuesday with a jump of 11.20 percent.

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Alibaba shares Price rise 11%

Alibaba Announces $25 Billion Share Buyback, Alibaba Shares Up 11% After Allen of Buyback

The world's largest e-commerce company Alibaba on Tuesday announced to increase its share buyback amount from $15 billion to $25 billion.

Alibaba said on Tuesday that its share buyback scheme will be effective for the next two years i.e. Mart 2024.

Shares of Alibaba Group Holding Limited listed in Hong Kong's stock market closed at 110.20 Hong Kong dollar on Tuesday with a jump of 11.20 percent.

Reasons for Alibaba's share buyback

Tight control by China's ruling Communist Party caused Alibaba's share price to drop by more than half.

China's ruling Communist Party has initiated several regulatory actions against Alibaba. Due to this Alibaba has to face scrutiny at many levels.

Alibaba's stock price has fallen by more than half since the regulatory action. Alibaba's US-traded stock fell 56 percent.

The company said that the increase in the share buyback amount is a sign of confidence in the company's continued growth.

Alibaba's deputy chief financial officer Toby Zhu said in a statement that Alibaba intends to increase investor confidence in the company through share buybacks.

Shares of Alibaba Group Holding Limited listed in Hong Kong's stock market closed at 110.20 Hong Kong dollar on Tuesday with a jump of 11.20 percent.

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