Sunday, September 28, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home World Regional News Asia

Alibaba raises share buyback to $25 Billion

Femi Thomas by Femi Thomas
03/25/2022
in Asia
0 0
0
Alibaba

Alibaba

0
SHARES
Share on FacebookShare on Twitter

The board of Alibaba Group has approved the upsize of its share repurchase program from US$15 billion to US$25 billion.

The development comes as its stock price continues to slump amid China’s tightening grip on local tech giants.

The eCommerce titan said the repurchase program will be effective for a two-year period through March 2024. Alibaba said the repurchase program’s upsizing marks a sign of confidence about its “continued growth in the future.”

As of March 18, the company had purchased 56.2 million American depositary shares for about US$9.2 billion as part of the previously announced repurchase program, it stated.

Alibaba’s announcement comes as its share price on the New York Stock Exchange dropped more than 56% year-on-year to US$103.6 on March 22 as China continues its crackdown on internet titans, which has also affected the likes of Tencent and Baidu.

Alibaba’s share price had fallen to as low as US$76.76 on March 15.

 

Read more on Tech Gist Africa:

JD Logistics to buy rival Deppon for $1.4 billion

Tencent reported to be cutting 20% of its workforce

Alibaba affiliate Ant sells stake in tech news site 36Kr as fintech giant enters final straight of restructuring

ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Femi Thomas

Femi Thomas

Related Posts

Synthesys Singapore
Asia

Singapore-based startup Synthesys Nabs $11M Seed to Rewire Capital Markets

by Tech Gist Africa
09/24/2025
0

Singapore-based startup Synthesys (formerly Equitize) has raised US$11 million in a seed and strategic funding round to accelerate its vision...

Read more
Flipspaces India

Flipspaces Powers Up With $50 Million in Series C to Disrupt Commercial Interiors Globally

09/23/2025
iDO Devices India

India’s iDO Devices Raises $4M to Power Product-Tech Ambitions

09/23/2025
Carro Singapore

Carro Drives US$60 Million to Fuel Japanese EV Ambitions Across Asia-Pacific

09/23/2025
Eneza Education Kenya

Eneza Education from Kenya has merged with a Pakistani company to build an African-Asian ed-tech venture

11/19/2024
Next Post
Glassette UK

Glassette Gets £1.2 Million in Funding

Kayrros France

French tech, Kayrros snaps €40 Million

Gama France

French aerospace company Gama raises $2 Million

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.