$Alibaba(BABA.US)has been actively repurchasing shares on the NYSE in late June through early July (e.g., millions of ordinary shares/ADSs for cancellation, with specific reports like ~4.1 million shares bought on July 6 at ~$12.05–$12.25 each). This is part of an ongoing program authorized in 2025. It signals strong confidence in the stock’s value and directly supports the price by reducing outstanding shares.

At the same time, it climbed sharply after hitting lows, fueled by:

Resolution of the $600M DOJ settlement (non-prosecution deal over historical illegal drug sales issues via its payment processor) removes a major overhang and uncertainty.

Temporary legal relief on the Pentagon Chinese military companies blacklist (a U.S. federal judge lifted a related lobbying ban temporarily while Alibaba’s lawsuit proceeds).

@Captain's Treasure