On the evening of April 2, Alibaba (9988. HK) announced that it had repurchased a total of 1.249 billion shares of common stock (equivalent to 156 million American depositary shares) for the fiscal year ending March 31, 2024, for $12.5 billion. The annual investment of nearly 100 billion yuan in repo means that Ali has become the Chinese Internet company with the largest repo strength in the past fiscal year. According to the announcement, the above-mentioned repurchase was conducted in the US and Hong Kong markets under the share repurchase plan. As of the fiscal year ended March 31, 2024, Alibaba net reduced 1.057 billion shares of common stock through its share repurchase plan, a net decrease of 5.1% (after being included in the shares issued under the equity incentive plan). As of March 31, 2024, there is still a remaining repurchase amount of $31.9 billion under the share repurchase plan authorized by the board of directors, which is valid until March 2027.