Alibaba makes biggest ever quarterly share repurchase worth $4.8 billion

(Reuters) – Chinese e-commerce giant Alibaba Group said it had bought back $4.8 billion worth of shares in the quarter ended March, its highest ever since listing, a couple of months after boosting the stock buyback plan by $25 billion through March 2027.

(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Arun Koyyur)