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Alibaba Group Holding Ltd. ( (HK:9988) ) has issued an announcement.
Alibaba Group Holding Ltd. announced a voluntary update on its share repurchase program, revealing that it repurchased 56 million ordinary shares, equivalent to 7 million American depositary shares (ADSs), for a total of US$805 million during the quarter ending June 30, 2025. This move is part of a broader strategy to manage its capital structure and return value to shareholders, with US$19.3 billion remaining authorized for repurchase through March 2027. The announcement reflects Alibaba’s ongoing efforts to optimize its shareholding structure amidst a weighted voting rights framework, which could impact investor perceptions and market dynamics.
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 Ltd. is a multinational conglomerate specializing in e-commerce, retail, internet, and technology. The company operates various platforms, including online marketplaces and cloud computing services, with a significant presence in both the Chinese and international markets.
Average Trading Volume: 104,599,110
Technical Sentiment Signal: Buy
Current Market Cap: HK$2095.9B
Learn more about 9988 stock on TipRanks’ Stock Analysis page.