Audio Sources - Full Text Articles

China“s Alibaba says it will not join Ant Group share buyback

Listen to this article

The logo of Alibaba Group is lit up at its office building in Beijing, China August 9, 2021. REUTERS/Tingshu Wang/File Photo

China’s Alibaba Group (9988.HK) said on Sunday it had decided not to participate in a proposed repurchase of shares by affiliate Ant Group, but would maintain its shareholding in the company.

Ant Group announced a surprise share buyback of up to 7.6% of its equity interest earlier this month.

Spread the news
WP Radio
WP Radio