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Alibaba Group Holding Ltd. ( (HK:9988) ) just unveiled an announcement.
Alibaba Group Holding Ltd. announced the grant of awards involving 7,687,091 underlying shares to certain employees under its 2024 Plan. These awards, representing approximately 0.04% of the total shares in issue, are part of a weighted voting rights structure and are not subject to shareholder approval. The awards have varied vesting periods, with some vesting within 12 months, and do not include performance targets. A clawback mechanism is in place to ensure compliance with company policies. This grant reflects Alibaba’s strategy to incentivize its workforce and align employee interests with company growth, potentially impacting its market positioning and stakeholder relations.
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. It is known for its online marketplaces, cloud computing services, and digital media and entertainment platforms, primarily focusing on the Chinese and global markets.
Average Trading Volume: 106,460,121
Technical Sentiment Signal: Buy
Current Market Cap: HK$2136.8B
See more insights into 9988 stock on TipRanks’ Stock Analysis page.