Alibaba Group Holdings (HKG:9988) repurchased 119 million ordinary shares, or 15 million American Depositary Share (ADSs) in the quarter ended Dec. 31, 2024, totaling $1.3 billion under its share repurchase program in the US market, according to its filing on Thursday.
By Dec. 31, 2024, the company had approximately 18.52 billion ordinary shares outstanding, reflecting a net decrease of 103 million shares since Sept. 30, 2024.
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