© Reuters. FILE PHOTO: Alibaba’s 11.11 Singles’ Day global shopping festival
(Reuters) – Alibaba (NYSE:) 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.
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