On the evening of July 2, according to the latest announcement disclosed by Alibaba Group's Hong Kong Stock Exchange, as of June 30, 2024, the group repurchased a total of 613 million ordinary shares (equivalent to 77 million American depositary shares) for a total price of $5.8 billion in the most recent quarter.
The announcement stated that the above-mentioned repurchase was conducted in the US and Hong Kong markets according to the share repurchase plan, which included approximately 14.8 million American depositary shares repurchased at a price of $80.80 per American depositary share, while the convertible preferred notes were issued on May 23.
As of June 30, 2024, Alibaba Group has 19.024 billion shares of common stock in circulation. Compared to March 31, 2024, the net decrease in circulating ordinary shares was 445 million shares, representing a net decrease of 2.3%.
In addition, as of June 30, 2024, there is still a remaining repurchase amount of $26.1 billion under Alibaba's share repurchase plan, which is valid until March 2027.