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Alibaba ( (BABA) ) just unveiled an update.
Alibaba Group Holding Limited reported its monthly return for equity issuers and Hong Kong depositary receipts for December 2024, with no change in its authorized share capital. The company saw a decrease of approximately 63.47 million in its issued shares due to share repurchases, reflecting a strategic move to manage its capital structure. The report highlights the company’s ongoing share repurchase activities, which could impact investor perceptions and the market value of its shares.
More about Alibaba
Alibaba Group Holding Limited is a major player in the e-commerce industry, offering a wide range of services including online retail, technology, and cloud computing. The company primarily focuses on facilitating business-to-business, business-to-consumer, and consumer-to-consumer sales through its web portals, and it has a significant market presence in China and globally.
YTD Price Performance: 0.67%
Average Trading Volume: 15,621,710
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $201.4B
See more insights into BABA stock on TipRanks’ Stock Analysis page.