Alibaba makes second biggest ever quarterly share repurchase worth $4.8 billion
Alibaba makes second biggest ever quarterly share repurchase worth $4.8 billion
(Corrects headline and text to say buyback is second biggest, not the biggest)
(Reuters) - Chinese e-commerce giant Alibaba Group said it had bought back $4.8 billion worth of shares in the quarter ended March, its second highest ever since listing, a couple of months after boosting the stock buyback plan by $25 billion through March 2027.
(This story has been corrected to say that the share buyback is …