Alibaba approves additional $25 billion share buyback as revenue disappoints

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: The Alibaba logo is seen outside a building in Beijing on Nov. 16, 2021. Alibaba Group Holding on Wednesday, Feb. 7, 2024, approved an additional $25 billion addition to its share buyback program, amid lower-than-expected sales revenue for the last quarter of 2023.Credit: AP Photo/Ng Han Guan, File Chinese e-commerce firm Alibab ...