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Alibaba approves an additional $25 billion share buyback as its revenue disappoints – Metro US

SINGAPORE (AP) Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, after reporting lower-than-expected sales revenue for the last quarter of 2023. The company’s Hong Kong-traded shares plunged 6.8% on Thursday. Alibaba’s New York-listed stock price sank 5.9% on Wednesday and has fallen nearly […] ....

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Alibaba approves an additional USD 25 billion share buyback as its revenue disappoints

(This story has not been edited by THE WEEK and is auto-generated from a PTI ....

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Alibaba: Alibaba approves an additional $25 billion share buyback as its revenue disappoints

Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) in the quarter that ended in December, slightly missing analysts estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to a year earlier. ....

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Alibaba approves US$25 billion share buyback

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Alibaba Makes Writes Down on Youku, Loss-Making Streamer

China's Alibaba takes a $1.2 billion write down against Youku, its loss-making video streamer, as the group's quarterly profits take a dive. ....

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