Financial News

Alibaba Commits to Greater Buybacks, These Funds Offer Exposure

Chinese e-commerce giant Alibaba has announced that it will be increasing its share buybacks by $10 billion, growing from $15 billion now to $25 billion over a two-year period that ends March 2024, reports CNBC. Stocks for Alibaba jumped 11% at the news as the e-commerce company seeks to increase...
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