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Chinese e-commerce giant Alibaba Group will increase its share buyback programme by $25 billion, the company announced Wednesday, as it published disappointing quarterly results. ....
(Bloomberg) Alibaba Group Holding Ltd. shares jumped after the New York Times reported that founder Jack Ma has been buying up shares in the company. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionIndia Tops Hong Kong as World’s Fourth-Largest Stock MarketAn Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsHong Kong Stocks at 36% Discount Show True Depth of China GloomMa and Alibaba Chairma ....
(Bloomberg) US-traded shares of XPeng Inc. slumped Friday after Alibaba Group Holding Ltd. disclosed a plan to cut its stake in the Chinese electric vehicle maker.Most Read from BloombergUS Frackers Return to Haunt OPEC’s Pricing StrategyChina’s iPhone Ban Accelerates Across Government and State FirmsA-Rod’s Slam SPAC Is Said to Plan Merger With Lynk GlobalDimon’s Heir at JPMorgan Still Hazy as ‘Five More Years’ Tick ByCanada to Announce 2035 All-EV Sales Mandate, Reports SayXPeng shares tumb ....
“We must change, otherwise there is really no way out for us,” wrote Richard Liu, the billionaire founder of Chinese e-commerce giant JD.com, in a company discussion board. ....
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