The mascot for Alibaba’s Taobao e-commerce platform is displayed near the company’s headquarters in Hangzhou. Photo: Bloomberg
The mascot for Alibaba’s Taobao e-commerce platform is displayed near the company’s headquarters in Hangzhou. Photo: Bloomberg
Alibaba

Alibaba expands share buy-back to a record US$25 billion amid stock price slump

  • The share buy-back programme will run for two years through March 2024
  • Shan Weijian, executive chairman of PAG, replaces Ericsson CEO Borje Ekholm as independent director on the company’s board

The mascot for Alibaba’s Taobao e-commerce platform is displayed near the company’s headquarters in Hangzhou. Photo: Bloomberg
The mascot for Alibaba’s Taobao e-commerce platform is displayed near the company’s headquarters in Hangzhou. Photo: Bloomberg
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