Alibaba announced on the Hong Kong Stock Exchange that during the 12 month period ending December 31, 2023, it repurchased a total of 8979 million shares of common stock (equivalent to 112.2 million American depositary shares) for a total price of $9.5 billion, including a total of 292.7 million shares of common stock (equivalent to 36.6 million American depositary shares) repurchased for $2.9 billion in the quarter ending December 31, 2023. These repurchases were conducted in the US and Hong Kong markets under the share repurchase plan.
As of December 31, 2023, there are 20 billion shares of common stock in circulation (equivalent to 2.5 billion American depositary shares). Compared to 20.7 billion shares of common stock (equivalent to 2.6 billion American Depositary Shares) as of December 31, 2022, in the past 12 months, the net decrease in outstanding shares through the share repurchase plan has been 3.3%, after being included in the shares issued under the equity incentive plan.
As of December 31, 2023, there is still a remaining repurchase amount of $11.7 billion under the share repurchase plan authorized by the board of directors, which is valid until March 2025. The latest information on share repurchases will be provided immediately after the end of each quarter in the future.