Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988, the “Company”) today announced that the Company’s board of directors has authorized the upsizing of the Company’s share buyback program from $ 6 billion to $ 10 billion (the “Share Buyback Program”) This Share Buyback Program will remain in effect for a period of two years until the end of 2022. The Company started executing its Share Buyback Program this quarter.
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The Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future trade infrastructure. She predicts that her clients will meet, work and live at Alibaba, and that it will be a good company that will last 102 years.
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