Alibaba ups stock buyback plan but shares continue to dip

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

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