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Economy

Alibaba share buyback

1
2015-08-18 09:56Global Times/Agencies Editor: Li Yan

Alibaba Group Holding Chairman Jack Ma Yun and Vice-Chairman Joseph Tsai are using their own money to buy back company shares under an overall plan to repurchase $4 billion of the stock, Alibaba told the Global Times on Monday.

Alibaba announced on Wednesday that it would authorize a $4 billion share buyback program over two years. The company did not disclose details on the purchases by Ma and Tsai.

  

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