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Alibaba Makes Biggest Ever Quarterly Share Repurchase Worth $4.8 Bln

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‌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9988406779","isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":291047367102584,"gmtCreate":1712082402107,"gmtModify":1712082405770,"author":{"id":"3563078694754840","authorId":"3563078694754840","name":"SconeCapital","avatar":"https://community-static.tradeup.com/news/f2f3b247d1cb4f59ef8aec4d082469bd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563078694754840","authorIdStr":"3563078694754840"},"themes":[],"htmlText":"What?","listText":"What?","text":"What?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/291047367102584","repostId":"2424704684","repostType":4,"repost":{"id":"2424704684","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1712066107,"share":"https://ttm.financial/m/news/2424704684?lang=&edition=fundamental","pubTime":"2024-04-02 21:55","market":"us","language":"en","title":"Alibaba Makes Biggest Ever Quarterly Share Repurchase Worth $4.8 Bln","url":"https://stock-news.laohu8.com/highlight/detail?id=2424704684","media":"Reuters","summary":"Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its biggest-ever repurchase after beefing up its stock buyback plan","content":"<html><head></head><body><p>Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its biggest-ever repurchase after beefing up its stock buyback plan in February.</p><p>The company had raised its share buyback plan by another $25 billion in a bid to appease investors concerned over its growth prospects as it faces new market rivals such as PDD .</p><p>Alibaba, which is listed in both Hong Kong and the U.S., had bought back $2.9 billion worth of stock in the previous quarter.</p><p>Its Hong Kong shares have lost more than 6% of their value this year, amid growing worries over the e-commerce pioneer&#39;s fall in earnings, per-user spending and deteriorating Chinese consumption.</p><p>These factors have contributed to the once-market dominant internet firm losing its market share to rivals such as PDD and TikTok owner ByteDance.</p><p>The internet company in February reported net income to ordinary shareholders for the third quarter of 14.4 billion yuan($1.99 billion), a 77% slump, mainly due to impairments related to hypermarket operator Sun Art and online video streaming service Youku.</p><p>Alibaba is currently in the middle of a split into six different units after the company named a new chief and abandoned a plan to list its cloud division and logistics arm, while refocusing on the core business.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Alibaba Makes Biggest Ever Quarterly Share Repurchase Worth $4.8 Bln</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba Makes Biggest Ever Quarterly Share Repurchase Worth $4.8 Bln\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-04-02 21:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Alibaba Group has bought back shares worth $4.8 billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its biggest-ever repurchase after beefing up its stock buyback plan in February.</p><p>The company had raised its share buyback plan by another $25 billion in a bid to appease investors concerned over its growth prospects as it faces new market rivals such as PDD .</p><p>Alibaba, which is listed in both Hong Kong and the U.S., had bought back $2.9 billion worth of stock in the previous quarter.</p><p>Its Hong Kong shares have lost more than 6% of their value this year, amid growing worries over the e-commerce pioneer&#39;s fall in earnings, per-user spending and deteriorating Chinese consumption.</p><p>These factors have contributed to the once-market dominant internet firm losing its market share to rivals such as PDD and TikTok owner ByteDance.</p><p>The internet company in February reported net income to ordinary shareholders for the third quarter of 14.4 billion yuan($1.99 billion), a 77% slump, mainly due to impairments related to hypermarket operator Sun Art and online video streaming service Youku.</p><p>Alibaba is currently in the middle of a split into six different units after the company named a new chief and abandoned a plan to list its cloud division and logistics arm, while refocusing on the core business.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"89988":"阿里巴巴-WR","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","BK4509":"腾讯概念","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","SG9999002463.SGD":"LionGlobal China Growth SGD","LU0456827905.SGD":"JPMorgan Funds - China A (acc) SGD","LU0048597586.USD":"富达亚洲焦点A","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) 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billion in the quarter ended March, the Chinese e-commerce giant said on Tuesday, in its biggest-ever repurchase after beefing up its stock buyback plan in February.The company had raised its share buyback plan by another $25 billion in a bid to appease investors concerned over its growth prospects as it faces new market rivals such as PDD .Alibaba, which is listed in both Hong Kong and the U.S., had bought back $2.9 billion worth of stock in the previous quarter.Its Hong Kong shares have lost more than 6% of their value this year, amid growing worries over the e-commerce pioneer's fall in earnings, per-user spending and deteriorating Chinese consumption.These factors have contributed to the once-market dominant internet firm losing its market share to rivals such as PDD and TikTok owner ByteDance.The internet company in February reported net income to ordinary shareholders for the third quarter of 14.4 billion yuan($1.99 billion), a 77% slump, mainly due to impairments related to hypermarket operator Sun Art and online video streaming service Youku.Alibaba is currently in the middle of a split into six different units after the company named a new chief and abandoned a plan to list its cloud division and logistics arm, while refocusing on the core business.","news_type":1},"isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9043164753,"gmtCreate":1655891113872,"gmtModify":1676535726784,"author":{"id":"3563078694754840","authorId":"3563078694754840","name":"SconeCapital","avatar":"https://community-static.tradeup.com/news/f2f3b247d1cb4f59ef8aec4d082469bd","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3563078694754840","authorIdStr":"3563078694754840"},"themes":[],"htmlText":"Buy more","listText":"Buy more","text":"Buy 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