![]() ![]() The buyback strategy resulted in increasing the company’s share prices.įurthermore, Chinese authorities have established 20 new guidelines to ease out covid zero policy, which is expected to positively impact the company’s sales. Furthermore, its board of directors has agreed to increase the share repurchase program by another $15 billion and extend it until the end of the fiscal year 2025. Chinas third-largest e-commerce company by annual revenue, went public at 19 per American depositary share. ![]() Under its existing US$25 billion share repurchase program, Alibaba repurchased approximately US$18 billion of its shares. Find the latest Alibaba Group Holding Limited (BABA) stock quote, history, news and other vital information to help you with your stock trading and investing. Alibaba’s shares buy-back strategy has resulted in lifting the company’s stock price. With the slowed revenue growth registered in the latest quarter, Alibaba is considering buying back its shares. to Indonesia's GoTo.Īlibaba Extended Share Buy Back Program by $15 billion The COVID-19 restrictions by Chinese authorities as a part of the zero-covid policy resulted in slowing down Alibaba’s logistics and revenue growth.Īlibaba Announced a Loss of $3.16 billion in the Recent Quarterly ResultsĪlibaba lost $3.16 billion for three months that ended September, versus expectations for a profit of nearly the same amount, after marking down the value of investments ranging from Didi Global Inc. Alibaba’s revenue is slightly below expectations as compared to the growth anticipated by the company. Alibaba's stock price has risen because of the new share buyback strategyĬhina’s Zero Covid Policy Resulted in Alibaba’s Logistics Disruption and Hindered Consumer SpendingĬhinese e-commerce giant Alibaba Group Holding registered a quarterly revenue of $29.12 billion in the third quarter of 2022 ending September.ADR (BABA) stock price, news, historical charts, analyst ratings and financial information from WSJ. Alibaba intends to increase its share buyback program by $15 billion from the initially planned $25 billion program by 2025 View the latest Alibaba Group Holding Ltd.Alibaba registered lesser-than-expected revenue growth in the recent quarter’s financial results and registered a net loss of $3.16 billion. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |