Alibaba ups stock buyback plan but shares continue to dip

Alibaba on Monday said it had upsizes its share repurchase program from $6 billion to $10 billion.

In a statement to the Hong Kong Stock Exchange, the embattled Chinese e-commerce giant said the expanded repurchase program approved by its board of directors began earlier in the last quarter of 2020 and would last through 2022. EFE-EPA