Tech
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears (Coco Liu/Bloomberg)
![Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears (Coco Liu/Bloomberg)](https://ournewsfortoday.com/wp-content/uploads/2020/12/Alibaba-raises-proposed-stock-repurchase-program-by-4B-to-10B.jpg)
Coco Liu / Bloomberg:
Alibaba raises proposed stock repurchase program by $4B to $10B, but shares slide 5%+ to a six month low in early Hong Kong trading amid antitrust fears — – An upsized share buyback program fails to lift Alibaba shares — It coincides with a harsh clampdown on part-owned Ant Group
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