The largest Buyback of Chinese stocks: Alibaba $25 billion!
@Tiger_comments:
On March 22, Alibaba announced: Increase the scale of stock repurchase from $15 billion to $25 billion. It is reported that: As of March 18, 2022, Alibaba has repurchased 56.2 million American depositary shares, valued at approximately $9.2 billion. This time, the repurchase scale was increased to US $25 billion, setting a record high for the repurchase amount of China Stocks, reflecting Ali's confidence in sustained growth in the future. Some analysts said: China concept stocks are at historically low levels, and repurchasing stocks will stimulate stock prices to rise, and a large-scale repurchase of China concept stocks may be about to begin. Veteran @Violence_Panda says: The rebound of Chinese concept stocks i