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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 is not short-term, but a long-term "value return". Other related reading:Buyback hit $1 trillion: Benefit to the Stock, and to the market. ... Finally, let's talk: Do you think Ali can continue to buy? Is this rebound of China Stocks long-term or short-term? Wonderful message users can get 888 community points! $Alibaba(BABA)$$Alibaba(09988)$$TENCENT(00700)$$Tesla Motors(TSLA)$$NIO Inc.(NIO)$
The largest Buyback of Chinese stocks: Alibaba $25 billion!Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.