Alibaba posts revenue miss, hikes shares buyback program by $25 billion

Alibaba initiates $25 billion share buyback after revenue upset market but fails to impress investors

Ailing Alibaba announces $25 billion share buyback program after missing revenue expectations but fails to impress investors.

Alibaba Boosts Share Buyback By $25 Billion After Dip In Estimated Revenue

Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results.

Alibaba approves additional $25 billion share buyback as revenue disappoints

SINGAPORE (AP) — Chinese e-commerce firm Alibaba Group Holding on Wednesday approved an additional $25 billion authorization to its share buyback program, amid lower-than-expected sales revenue for the last quarter of 2023. Alibaba posted a 5% increase in sales to 260.3 billion yuan ($36.67 billion) for its quarter ended December, slightly missing analyst estimates. Net income sank to 14.4 billion yuan ($2 billion), down 77% compared to the same…

Alibaba pops as $25B buybacks increase outweighs soft results By Investing.com

Alibaba pops as $25B buybacks increase outweighs soft results

Alibaba misses Q3 revenue estimates; boosts buyback by $25 billion

Under the leadership transition helmed by CEO Wu and Chairman Joe Tsai the company embarked on a reorganisation, dividing its business into six distinct units.

Alibaba Okays Another $25 Billion Buyback After Sales Miss

Alibaba Group Holding Ltd. green-lit another $25 billion in stock repurchases, appealing to investors worried about plateauing growth at a Chinese e-commerce pioneer struggling to fend off new rivals such as PDD Holdings Inc.