From CNN: 2024-04-03 04:46:42

Alibaba has repurchased $12.5 billion worth of shares, the largest buyback by a Chinese tech company in the past year. The move aims to stabilize market confidence amid a historic stock rout. Other Chinese tech giants, like Tencent, have also ramped up share repurchases. Chinese firms have spent record amounts on buybacks.



Read more at CNN: Alibaba and Tencent: China’s internet giants snap up their own shares to boost flagging stock market value