Alibaba Rose over 10% after Raising Stock Buyback Plan to $25B

Tiger Newspress2022-03-22

Alibaba rose over 10% in Hong Kong stock market after raising stock buyback plan to $25B.

Alibaba today announced that the Company’s board has authorized to upsize its share repurchase program to US$25 billion from US$15 billion (the “Share Repurchase Program”), in a sign of confidence about the Company’s continued growth in the future.

The Company also announced that Weijian Shan, executive chairman of investment group PAG, was appointed as an independent director to the Company’s board.

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Comments

MrTig3r
2022-03-22
MrTig3r
power
Ahvi
2022-03-22
Ahvi
Very nice.
Pg kia
2022-03-22
Pg kia
Great!!!! Like 😊
BlueDaisy
2022-03-22
BlueDaisy
Good to see companies with strong cash flow buy back shares when the price is low.
Remotecam
2022-03-22
Remotecam
In another article, only $Alibaba(BABA)$US stocks are slated for buyback. The HK $Alibaba(09988)$stock buyback was not mentioned at all. Any increase in HKEX Baba price is probably due to local retail investors or institutions.
DarkFate
2022-03-22
DarkFate
Like

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Like 😊","listText":"Great!!!! Like 😊","text":"Great!!!! Like 😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034438394","repostId":1117300921,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034499184,"gmtCreate":1647935896725,"gmtModify":1676534282151,"author":{"id":"3582677971530678","authorId":"3582677971530678","name":"BlueDaisy","avatar":"https://static.tigerbbs.com/0747094283743978b62fb8b1ee2cf44c","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582677971530678","idStr":"3582677971530678"},"htmlText":"Good to see companies with strong cash flow buy back shares when the price is low.&nbsp;","listText":"Good to see companies with strong cash flow buy back shares when the price is low.&nbsp;","text":"Good to see companies with strong cash flow buy back shares when the price is low.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9034499184","repostId":1117300921,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9034490213,"gmtCreate":1647935698914,"gmtModify":1676534282135,"author":{"id":"4093854476996450","authorId":"4093854476996450","name":"Remotecam","avatar":"https://community-static.tradeup.com/news/f856a0a30bd0fa23a086fc678014e48b","vip":1,"crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"4093854476996450","idStr":"4093854476996450"},"htmlText":"In another article, only&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>US stocks are&nbsp;slated for buyback.&nbsp; The HK&nbsp;<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>stock buyback was not mentioned at all.&nbsp; Any increase in HKEX Baba price is probably due to&nbsp;local retail investors or institutions.&nbsp;","listText":"In another article, only&nbsp;<a href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a>US stocks are&nbsp;slated for buyback.&nbsp; The HK&nbsp;<a href=\"https://ttm.financial/S/09988\">$Alibaba(09988)$</a>stock buyback was not mentioned at all.&nbsp; Any increase in HKEX Baba price is probably due to&nbsp;local retail investors or institutions.&nbsp;","text":"In another article, only $Alibaba(BABA)$US stocks are slated for buyback. 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