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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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Comment19

  • MrTig3r
    ·2022-03-22
    power
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  • Ahvi
    ·2022-03-22
    Very nice. 
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  • Pg kia
    ·2022-03-22
    Great!!!! Like 😊
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  • BlueDaisy
    ·2022-03-22
    Good to see companies with strong cash flow buy back shares when the price is low. 
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  • Remotecam
    ·2022-03-22
    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. 
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  • DarkFate
    ·2022-03-22
    Like 
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  • Wallstrtbets
    ·2022-03-22
    Come on go go.
    Reply
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  • Andrewinho
    ·2022-03-22
    👏👏👏🚀🚀🚀
    Reply
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  • Sky Tgr
    ·2022-03-22
    Spring has arrived! 春天到了! 
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  • 喜慶吉祥好運
    ·2022-03-22
    Hoping for better🤗
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  • CIG
    ·2022-03-22
    Too many cheap stocks to buy, money not enough.
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  • BlueBear
    ·2022-03-22
    The company is confident of its future 
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  • Manyouth
    ·2022-03-22
    nice
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  • 11504348
    ·2022-03-22
    Share buybacks are often a sign that future business and R&D opportunities are limited. Would rather see this money invested in growth, be it organic or inorganic, instead of spending money to pacify shareholders.
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  • MerlionSg
    ·2022-03-22
    baba and mama push..can reach back 130 easily
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  • bwjx
    ·2022-03-22
    Push the stock up first then go for another round of dumping. [Happy] 
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  • Johnlimwt
    ·2022-03-22
    Yeap
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  • hkartadi
    ·2022-03-22
    My baba average still down 40 percent. But goodto see that probably the price already bottomed, and only way is up
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  • Heng08
    ·2022-03-22
    Good 
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