Alibaba Group Holding Ltd - ADR

NYSE:BABA   3:59:59 PM EDT
86.80
-0.89 (-1.01%)
5:24:24 PM EDT: $86.93 +0.13 (+0.15%)
Share Repurchases, Officer Changes, Mergers / Acquisitions

Alibaba Says Upsizes Share Repurchase To $25 Bln From $15 Bln

Published: 03/22/2022 00:07 GMT
Alibaba Group Holding Ltd - ADR (BABA) - Upsizes Share Repurchase to Us$25 Billion From Us$15 Billion, Appoints New Independent Director to Board.
Weijian Shan, Executive Chairman of Investment Group Pag, Was Appointed As an Independent Director to Company's Board.
Share Repurchase Program Will Be Effective for a Two-year Period Through March 2024.
BÖrje Ekholm, President and Chief Executive Officer of Ericsson Group, Will Retire From Company's Board on March 31, 2022.
As of March 18, Purchased 56.2 Million Ads Under Previously Announced Program, for About Us$9.2 Billion.