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Alibaba Wins Broad Buyback Authority as Cloud Expansion Collides With US Legal Headwinds
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Alibaba Wins Broad Buyback Authority as Cloud Expansion Collides With US Legal Headwinds
Alibaba shareholders handed management a pair of far-reaching capital mandates at the company’s annual general meeting on Wednesday, even as the Chinese technology group presses ahead with an aggressive international cloud build-out and confronts a securities class action on US soil. The shareholder vote authorizes the board to issue or resell up to 10% of […]
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