Alibaba Group Upsizes Share Repurchase to US$25 Billion from US$15 Billion

financial post2022-03-22

HANGZHOU, China — Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the “Company”) today announced that the Company’s board has authorized to upsize its share repurchase program to US$25 ...

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Comments

Long for long time
2022-03-22
Long for long time
Please buy more BABA
Kirton
2022-03-22
Kirton
Finally some positive news for BABA
Yonhuat
2022-03-22
Yonhuat
It is now if not when to buy buy at this price? You know where it is going bulls.
LimLS
2022-03-22
LimLS
Let's hope the increased share buyback can help to stabilise the price and not fall below 100 again. While the price had recover well recently, the price had fallen 56% compared same day of last year. If we compared against its high during Oct 2020, the current price is 1/3 of its high of 300. To recover to last year value, BABA price needs to double. To recover to its 2020 high, BABA needs to triple. Let's be realistic of the chances of it happening. Share buyback can at most prevent price from falling too much but will do little to help to its recovery to their previous levels.
JTBY
2022-03-22
JTBY
Great!
MIe
2022-03-22
MIe
Baba recovery..

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The Company also announced that Weijian Shan, executive chairman of investment group PAG, was appointed as an independent director to the Company’s board.The Share Repurchase Program will be effective for a two-year period through March 2024. As of March 18, 2022, the Company had purchased a total of 56.2 million American depositary shares under the previously announced share repurchase program, for a total consideration of approximately US$9.2 billion.Shan’s appointment as an independent director will be effective March 31, 2022, and he will serve on the board’s audit committee. Börje Ekholm, President and Chief Executive Officer of the Ericsson Group, will retire from the Company’s board on March 31, 2022. Ekholm has served as an independent director on the Company’s board since June 2015.“We are truly grateful to Börje for his invaluable commitment and contributions to the Alibaba board over the past six years,” said Daniel Zhang, Chairman and Chief Executive Officer of Alibaba Group. “Weijian is a trusted leader in the global financial industry who has been an active facilitator for greater understanding between Asia and the rest of the world throughout his extraordinary career. I believe Alibaba will benefit greatly from his deep knowledge across different industries and global perspective.”“I have been deeply impressed with the growth and achievements of Alibaba, and with how it has positively changed the lives of so many consumers and businesses in China and elsewhere. It served about 1 billion consumers in China and 300 million around the world in 2021 alone. I feel honored to be invited by the board to serve as an independent director. I look forward to contributing the little I know to help the Company achieve its long-term goals,” said Shan.“Alibaba is an incredible company and I continue to believe in its future. I wish Daniel and the leadership team every success as it remains focused on creating long-term value for its stakeholders. I have decided to step down from the board to devote more time to Ericsson’s business,” said Ekholm.About Weijian ShanWeijian Shan is the executive chairman and a founder of PAG – one of Asia’s leading independent alternative investment management groups with more than US$50 billion in capital under management by March 2022. He became PAG’s chairman and CEO and founded its private equity business in 2010. Between 1998 and 2010, he was a managing partner of the private equity firm Newbridge Capital (now known as TPG Asia) and a partner of TPG. Shan was a managing director of JP Morgan, where he was concurrently the chief representative for China between 1993 and 1998. He was an assistant professor of management at the Wharton School, the University of Pennsylvania between 1987 and 1993. He also worked at the World Bank in 1987 as a member of its Young Professionals Program.Shan is a member of the International Advisory Council of Hong Kong Exchanges and Clearing Limited. He served as an independent director of Singapore-listed Wilmar International Limited between 2018 and 2021.Shan is an author and occasional commentator. His books include Money Games: The Inside Story of How American Dealmakers Saved Korea’s Most Iconic Bank (Wiley, 2020) and Out of the Gobi: My Story of China and America (Wiley, 2019), which are also available in Chinese and Japanese, in addition to English.Shan holds an M.A. and a Ph.D. from the University of California, Berkeley, and an M.B.A. from the University of San Francisco. He graduated with a major in English from the Beijing Institute of Foreign Trade (currently the Beijing University of International Business and Economics).","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9034571539,"gmtCreate":1647931042305,"gmtModify":1676534281571,"author":{"id":"3577190621560000","authorId":"3577190621560000","name":"Long for long time","avatar":"https://static.tigerbbs.com/dbd3c2d2c42ed033955617d50df978c2","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Please buy more BABA","listText":"Please buy more BABA","text":"Please buy more BABA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034571539","repostId":1104965428,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034546304,"gmtCreate":1647928158546,"gmtModify":1676534281382,"author":{"id":"3559451184746752","authorId":"3559451184746752","name":"Kirton","avatar":"https://static.tigerbbs.com/e41d69df3ca33182d7a527fc4f4ce0cb","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":7,"crmLevelSwitch":0},"htmlText":"Finally some positive news for BABA","listText":"Finally some positive news for BABA","text":"Finally some positive news for BABA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034546304","repostId":1104965428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034524236,"gmtCreate":1647924187708,"gmtModify":1676534280855,"author":{"id":"4097900715273400","authorId":"4097900715273400","name":"Yonhuat","avatar":"https://static.tigerbbs.com/a4ab9f0ed4305d88e3767c39675cedf3","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1},"htmlText":"It is now if not when to buy buy at this price? You know where it is going bulls.&nbsp;","listText":"It is now if not when to buy buy at this price? You know where it is going bulls.&nbsp;","text":"It is now if not when to buy buy at this price? You know where it is going bulls.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034524236","repostId":1104965428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034529444,"gmtCreate":1647922441267,"gmtModify":1676534280684,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Let's hope the increased share buyback can help to stabilise the price and not fall below 100 again. While the price had recover well recently, the price had fallen 56% compared same day of last year. If we compared against its high during Oct 2020, the current price is 1/3 of its high of 300. To recover to last year value, BABA price needs to double. To recover to its 2020 high, BABA needs to triple. Let's be realistic of the chances of it happening. Share buyback can at most prevent price from falling too much but will do little to help to its recovery to their previous levels.","listText":"Let's hope the increased share buyback can help to stabilise the price and not fall below 100 again. While the price had recover well recently, the price had fallen 56% compared same day of last year. If we compared against its high during Oct 2020, the current price is 1/3 of its high of 300. To recover to last year value, BABA price needs to double. To recover to its 2020 high, BABA needs to triple. Let's be realistic of the chances of it happening. Share buyback can at most prevent price from falling too much but will do little to help to its recovery to their previous levels.","text":"Let's hope the increased share buyback can help to stabilise the price and not fall below 100 again. While the price had recover well recently, the price had fallen 56% compared same day of last year. If we compared against its high during Oct 2020, the current price is 1/3 of its high of 300. To recover to last year value, BABA price needs to double. To recover to its 2020 high, BABA needs to triple. Let's be realistic of the chances of it happening. Share buyback can at most prevent price from falling too much but will do little to help to its recovery to their previous levels.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034529444","repostId":1104965428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034582723,"gmtCreate":1647919775291,"gmtModify":1676534280271,"author":{"id":"4098795214586750","authorId":"4098795214586750","name":"JTBY","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":9,"crmLevelSwitch":0},"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034582723","repostId":1104965428,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034588852,"gmtCreate":1647919380021,"gmtModify":1676534280209,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Baba recovery..","listText":"Baba recovery..","text":"Baba recovery..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034588852","repostId":1104965428,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":577,"commentSize":69,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104965428"}