Alibaba has spent $4.1 billion to repurchase 414 million ordinary shares. Alibaba announced on the Hong Kong Stock Exchange that during the quarter ending September 30, 2024, the company repurchased a total of 414 million ordinary shares (equivalent to 52 million American Depositary Shares) for a total price of $4.1 billion. These repurchases are conducted in the US and Hong Kong markets according to the company's share repurchase plan. Under the authorized share repurchase plan by the board of directors, there is still a remaining repurchase quota of $22 billion, valid until March 2027.