Alibaba Group increases share repurchase programme to $10 billion
Alibaba Group Holding said on Sunday its board has authorised an increase in the company's share repurchase programme to $10 billion from $6 billion
 "The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China")
The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China
(Reuters) - Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company's share repurchase programme to $10 billion from $6 billion.
"This Share Repurchase Program will be effective for a two-year period through the end of 2022," Alibaba said in a statement https://bwnews.pr/38IF0r7 late on Sunday.
(Reporting by Kanishka Singh in Bengaluru; Editing by Tom Hogue)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Dec 28 2020 | 6:13 AM IST