03 Apr Alibaba Group steps up stock buy-back in Hong Kong, New York as e-commerce rivalry, earnings outlook worry investors
Posted at 02:54h
in Asia
Alibaba Group Holding, China’s biggest e-commerce platform operator, said it bought back US$4.8 billion worth of its own shares in Hong Kong and New York last quarter, marking the most aggressive buy-back since 2021 as the stock slipped amid concerns about competition and earnings outlook.The...