Alibaba Group increases share repurchase programme to £7 billion

(Reuters) – Alibaba (NYSE:BABA) Group Holding Ltd said on Sunday its board has authorized an increase in the company’s share repurchase programme to $10 billion (£7.39 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 https://bwnews.pr/38IF0r7 late on Sunday.