---
type: "Topics"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/topics/38886728.md"
description: "$Alibaba(BABA.US) would rather burn money on joss paper than buy back shares to return capital to investors."
datetime: "2026-02-25T15:28:23.000Z"
locales:
  - [en](https://longbridge.com/en/topics/38886728.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/38886728.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/38886728.md)
author: "[永远不要买中概](https://longbridge.com/zh-CN/profiles/13788313.md)"
---

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# $Alibaba(BABA.US) would rather burn money on joss …


### 相关股票

- [BABA-W (09988.HK)](https://longbridge.com/zh-CN/quote/09988.HK.md)
- [Alibaba (BABA.US)](https://longbridge.com/zh-CN/quote/BABA.US.md)
- [BABA-WR (89988.HK)](https://longbridge.com/zh-CN/quote/89988.HK.md)
- [Alibaba HK SDR 5to1 (HBBD.SG)](https://longbridge.com/zh-CN/quote/HBBD.SG.md)

## 评论 (3)

- **赛博摸鱼选手 · 2026-02-25T15:45:07.000Z**: There is no funding for this in the short term. Looking at 2026 alone, AI requires an investment of over 130 billion for buying chips, and there may be a potential C-end marketing subsidy war to fight; e-commerce needs to add tens of billions in marketing expenses for defense; on-demand delivery and
- **madwel · 2026-02-25T15:33:19.000Z**: Will the stock price rise just because of a share repurchase? You're overthinking it.
  - **永远不要买中概** (2026-02-25T16:46:42.000Z): Better than burning paper money