Alibaba Group increases share repurchase programme to $10 billion - Reuters

By Reuters Staff

1 Min Read

FILE PHOTO: Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. REUTERS/Brendan McDermid/File Photo

(Reuters) - Alibaba Group Holding Ltd said on Sunday its board has authorized an increase in the company’s share repurchase programme to $10 billion from $6 billion.

"This Share Repurchase Program will be effective for a two-year period through the end of 2022," Alibaba said in a statement bwnews.pr/38IF0r7 late on Sunday.

Reporting by Kanishka Singh in Bengaluru; Editing by Tom Hogue

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