---
title: "Alibaba-W has spent USD 4.1 billion to repurchase 414 million ordinary shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/215790225.md"
description: "Alibaba-W repurchased 414 million ordinary shares as of September 30, 2024, at a cost of $4.1 billion. These repurchases were conducted in the US and Hong Kong markets, resulting in a net decrease of 2.1% in outstanding shares. Currently, the company still has a repurchase authorization of $22 billion under the board-approved repurchase plan, valid until March 2027"
datetime: "2024-10-02T10:34:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/215790225.md)
  - [en](https://longbridge.com/en/news/215790225.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/215790225.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/215790225.md) | [繁體中文](https://longbridge.com/zh-HK/news/215790225.md)


# Alibaba-W has spent USD 4.1 billion to repurchase 414 million ordinary shares

According to the news from Zhitong Finance and Economics APP, Alibaba-W (09988) announced that during the quarter ended September 30, 2024, the group repurchased a total of 414 million ordinary shares at a total price of $4.1 billion (equivalent to 52 million American depositary shares). These repurchases were conducted in the U.S. and Hong Kong markets under the company's share repurchase plan.

As of September 30, 2024, the company had 18.62 billion outstanding ordinary shares (equivalent to 2.327 billion American depositary shares). Compared to June 30, 2024, there was a net decrease of 405 million ordinary shares, representing a net decrease of 2.1% (after taking into account shares issued under the company's equity incentive plan).

As of September 30, 2024, the company still had $22 billion remaining in the share repurchase program authorized by the board of directors, with an expiration date of March 2027

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