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Alibaba Group Holding Ltd. ( (HK:9988) ) has shared an update.
Alibaba Group Holding Limited announced an adjustment to the conversion rate of its convertible senior notes due 2031, following the declaration of dividends for fiscal year 2025. This adjustment increases the maximum number of ordinary shares issuable upon full conversion of the notes, potentially impacting shareholder value and market perception.
The most recent analyst rating on (HK:9988) stock is a Buy with a HK$106.00 price target. To see the full list of analyst forecasts on Alibaba Group Holding Ltd. stock, see the HK:9988 Stock Forecast page.
More about Alibaba Group Holding Ltd.
Alibaba Group Holding Limited is a multinational conglomerate specializing in e-commerce, retail, Internet, and technology. It operates various businesses worldwide, including online marketplaces, cloud computing, digital media, and entertainment, with a significant presence in China and expanding global reach.
Average Trading Volume: 106,546,421
Technical Sentiment Signal: Buy
Current Market Cap: HK$2266.9B
Learn more about 9988 stock on TipRanks’ Stock Analysis page.
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