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Alibaba Boosts Share Buyback Program to $15 Billion

By
Juro Osawa
· · Source: The Information

Alibaba said it would increase the size of its previously announced share buyback program to $15 billion from $10 billion, as the Chinese e-commerce giant reported quarterly revenue slightly below analysts’ consensus. Alibaba’s upsized buyback program—the largest ever in its history—comes as the company, like its Chinese peers, grapples with the recent global selloff of China tech stocks...

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