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Alibaba Enlarges Share Repurchase Plan, Appoints New Independent Director to Board
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Alibaba Enlarges Share Repurchase Plan, Appoints New Independent Director to Board

Mar 23, 2022
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Alibaba Enlarges Share Repurchase Plan, Appoints New Independent Director to Board
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(Source: Alibaba Group)

Alibaba Group announced Tuesday that the company’s board has authorized the raising of its share repurchase program to $25 billion from the previous level of $15 billion. In addition, Weijian Shan, executive chairman of investment group PAG, has been appointed as an independent director to the company’s board.

The share repurchase …

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